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Paybis Founder: If the Federal Reserve cuts interest rates, it may rewrite Bitcoin's history of poor performance in September over the years
Bitget2024/09/02 13:24
Odaily reports that Innokenty Isers, the founder of cryptocurrency exchange Paybis, said: "September is a negative month in Bitcoin's history, with data showing an average value shrinkage rate of 6.56%. If the Federal Reserve cuts interest rates in September, it could help Bitcoin rewrite its negative history because rate cuts usually lead to excessive dollar circulation in the economy - further strengthening Bitcoin's prospects as a store of value." (Coindesk)
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