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Paybis founder: If the Fed cuts interest rates, it may change the history of Bitcoin's poor performance in September

2024-09-02 12:31
Odaily News Innokenty Isers, founder of cryptocurrency exchange Paybis, said: "September is a negative month in Bitcoin's history, with data showing that Bitcoin's average value has shrunk by 6.56%. If the Fed cuts interest rates in September, this could help Bitcoin rewrite its negative history, as rate cuts typically lead to excessive dollar flows in the economy - further strengthening Bitcoin's prospects as a means of storing value." (Coindesk)