Bitcoin's September Performance Historically Negative, Says Paybis Founder

According to Odaily, Innokenty Isers, the founder of cryptocurrency exchange Paybis, stated that September has historically been a negative month for Bitcoin. Data indicates that Bitcoin's average value has decreased by 6.56% during this period. Isers suggested that if the Federal Reserve were to cut interest rates in September, it could potentially help Bitcoin overcome its negative historical trend. He explained that interest rate cuts typically lead to excessive liquidity of the US dollar in the economy, which could further enhance Bitcoin's prospects as a store of value.