Institution: Any dovish recommendations for September may stimulate the price of Bitcoin.

VanEck's head of digital asset research, Matthew Sigel, said, "Bitcoin is a tool for hedging against currency devaluation. If the Federal Reserve hints at adopting more loose policies in the future, the crypto market is likely to interpret this as a green light." Joel Kruger, market strategist at LMAX Group, said, "All eyes will be on the upcoming crypto policy report from the Federal Reserve and the White House. Any dovish tone from the Federal Reserve, or hints from the White House about strategically buying Bitcoin reserves, could quickly reverse Bitcoin's recent weakness."