Rate cuts open the door to the crypto market, and investors are optimistic about October's potential
Analysts said that the flow of funds in US spot Bitcoin ETFs slowed as expected, as September is usually a weak period. However, Bitcoin's recent upward trend suggests that it may perform better than expected this month.
Bitcoin is expected to exceed expectations, driven by possible interest rate cuts in the United States and strong stock markets. Since October has always been a strong month for Bitcoin, investors may use the September pullback to lay out potential opportunities in the fourth quarter.
Robert Kiyosaki, author of "Rich Dad, Poor Dad", believes that the price of Bitcoin is "about to start skyrocketing" due to the Federal Reserve's interest rate cuts. He predicted that as interest rates fall, investors should abandon "fake assets" and turn to real assets such as Bitcoin, gold and silver. Kiyosaki also highlighted rising inflation, warned of its impact on retirees, and urged decisive investment in real assets.
