Institution: Any dovish suggestions for September could potentially boost Bitcoin's price

BlockBeats News, July 31st, VanEck's Director of Digital Asset Research, Matthew Sigel, stated: "Bitcoin is a hedge against currency depreciation. If the Federal Reserve hints at taking a more dovish policy stance in the future, the cryptocurrency market is likely to interpret it as a green light."

LMAX Group's Market Strategist, Joel Kruger, said: "All eyes will be on the Federal Reserve and the upcoming cryptocurrency policy report from the White House. Any dovish tone from the Federal Reserve, or hints from the White House about strategically purchasing Bitcoin reserves, could quickly reverse Bitcoin's recent weakness."