VanEck Executive: Any Dovish Signals in September Could Stimulate Bitcoin Prices

According to a report by Jinse Finance, Matthew Sigel, Head of Digital Asset Research at VanEck, stated: "Bitcoin serves as a hedge against currency depreciation. If the Federal Reserve signals a shift toward more accommodative policies in the future, the cryptocurrency market is likely to interpret this as a green light." Joel Kruger, Market Strategist at LMAX Group, commented: "All eyes will be on the upcoming cryptocurrency policy reports from the Federal Reserve and the White House. Any dovish rhetoric from the Fed, or hints from the White House about strategically purchasing Bitcoin reserves, could quickly reverse Bitcoin's recent weakness."