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VanEck executive: Any dovish suggestions for September may stimulate Bitcoin prices.
Golden Finance reported that VanEck's Head of Digital Asset Research, Matthew Sigel, stated: "Bitcoin is a tool for hedging against currency depreciation. If the Fed hints at adopting a more accommodative policy in the future, the crypto assets market is likely to interpret it as a green light." LMAX Group market strategist Joel Kruger mentioned: "All eyes will be on the upcoming cryptocurrency policy report from the Fed and the White House. Any dovish remarks from the Fed or hints from the White House about strategically purchasing Bitcoin reserves could quickly reverse Bitcoin's recent weakness."