George from CryptosRUs highlights the importance of the upcoming Federal Reserve (FOMC) meeting and its potential impact on Bitcoin. He notes that markets expect a 50 basis point interest rate cut, though opinions are mixed on whether this will be good or bad for the economy. Regardless, he anticipates significant volatility.
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George points out that institutions, ETFs, and countries like Bhutan and El Salvador are accumulating Bitcoin, reflecting growing confidence. Major players like BlackRock and MicroStrategy continue to buy, further supporting a long-term bullish outlook.
Historically, September is a weak month for Bitcoin, but George believes the FOMC decision could shift that, with Q4 traditionally being strong. He urges retail investors to focus on long-term strategies, like dollar-cost averaging (DCA) and holding, rather than reacting to short-term market swings.
At a recent networking event, George met industry leaders who are confident in crypto’s future, especially as they look toward 2025. He ends by encouraging investors to stay focused on the long-term potential of Bitcoin, despite any current market volatility.
