Bitcoin
Key for Crypto Market Trends
The cryptocurrency markets are closely watching several key US macroeconomic events this month, which could significantly impact portfolios. Fed interest rates announcements in particular will be a key print in September.
Positive economic data often influences investor sentiment in the crypto space. As traditional markets strengthen, investors become more confident in the overall economy, and vice versa. This could influence risk appetite and, ultimately interest in alternative assets like cryptocurrencies
US Economic Events to Watch in September
Bitcoin (BTC) has slipped further from the $60,000 psychological level, continuing its sluggish performance despite positive catalysts. Factors like growing institutional adoption, a potentially more favorable regulatory environment, and expected Federal Reserve (Fed) rate cuts have done little to boost BTC’s price.
Currently, Bitcoin is over 20% below its recent all-time high of nearly $73,500, recorded more than five months ago. As the new month begins, crypto market participants are closely watching key events, particularly because historical data indicates that September has traditionally been Bitcoin’s worst-performing period.
Read more: How To Buy Bitcoin (BTC) and Everything You Need To Know
Non-Farm Payrolls, Unemployment Rates
Investors will keep a close eye on the upcoming US Non-Farm Payrolls (NFP) report, which includes key data on job creation and the unemployment rate. The July report showed weaker-than-expected job growth with 114,000 jobs added, leading to a median forecast of 162,000 for August.
If August’s NFP figures are strong and the unemployment rate declines, it could indicate a robust economy, which might positively influence investor sentiment toward cryptocurrencies. Employment-related reports like these can significantly affect market sentiment, risk appetite, and the overall economic outlook, indirectly impacting Bitcoin and the broader crypto market.
Before the NFP report, the Job Openings and Labor Turnover Survey (JOLTS) data, set to be released on Wednesday, will offer insights into the labor market’s health. A median forecast of 8.1 million job openings in July, slightly down from 8.18 million, could indicate a growing economy, increased consumer spending, and potential wage growth.
Additionally, the ADP National Employment Report, due on Thursday, will provide a snapshot of private sector employment. If July’s ADP report exceeds the previous 122,000 jobs added, it would signal strong job creation and economic growth
Donald Trump Debate Against Kamala Harris
On September 10, the Republican and Democrat presidential candidates for the upcoming November elections, Donald Trump and Kamala Harris, will participate in a debate. With cryptocurrencies and digital assets becoming key issues in the campaign, this event could trigger volatility in the Bitcoin and broader cryptocurrency markets.
Both parties have shown an interest in crypto, with Harris reportedly warming up to pro-crypto policies.
“They’ve expressed that one of the things that they need are stable rules, rules of the road…focus on cutting needless bureaucracy and unnecessary regulatory red tape… innovative technologies while protecting consumers and creating a stable business environment with consistent and transparent rules of the road,” Bloomberg reported, citing Brian Nelson, a senior advisor on Vice President Harris’ campaign.
On the Republican side, Trump’s team is working to position the US as the world crypto capital. As both candidates seek to connect with the crypto community, the debate is expected to be intense, especially given Trump’s combative style and Harris’s background as a prosecutor.
US CPI
The US Consumer Price Index (CPI) data for August, scheduled for release on September 11, will be one of the key economic indicators for the month. This data measures the rate of inflation by tracking price changes in consumer goods and services. In July, the CPI inflation rate came in at 2.9%, slightly lower than the 3% recorded in June, according to the US Bureau of Labor Statistics (BLS).
The August CPI data will be crucial for determining whether inflation is continuing to slow, as the Federal Reserve targets a 2% inflation rate. If the CPI falls below 2.9%, it would suggest that inflation is moving in the right direction, potentially reducing the pressure on the Fed to maintain high-interest rates.
Ahead of the CPI release, speeches by New York Fed President John C. Williams on September 6 and Fed Governor Christopher Waller will be closely watched. Both have previously indicated a possible shift towards looser monetary policy as inflation shows signs of easing and the labor market stabilizes. If their upcoming speeches express confidence that the disinflationary trend is holding steady, it could be bullish for the cryptocurrency market.
Currently, price pressures are easing across the economy, with declines in goods prices, slower increases in housing costs, and more moderate wage growth contributing to a broader reduction in inflation, especially in the services sector. This trend, if sustained, could positively influence investor sentiment, particularly in riskier assets like cryptocurrencies.
US PPI
The day after the CPI data is released, the US Bureau of Labor Statistics will publish the US Producer Price Index (PPI) inflation data. In July, the PPI showed more significant easing than expected, providing relief for both stocks and Bitcoin.
Specifically, the US PPI inflation rate decreased to 2.2% year-on-year (YoY) in July, below the expected 2.3% and down from the previous period’s revised 2.7%. Similarly, Core PPI inflation, which excludes food and energy prices, dropped to 2.4% YoY in July, also below the forecast of 2.7% and significantly lower than the previous 3.0%.
If the August PPI data, set to be released on September 12, shows continued declines in inflationary pressure, it could boost risk appetite among investors, favoring assets like Bitcoin and other cryptocurrencies.
Fed Interest Rate
Another key event this month will be the Federal Reserve’s interest rate decision on September 18. In its previous meeting, the Federal Open Market Committee (FOMC) decided to keep interest rates unchanged, with policymakers unanimously voting to maintain the benchmark overnight borrowing rate between 5.25% and 5.50%.
However, during a recent meeting, Fed Chair Jerome Powell expressed increased confidence that inflation is on a sustainable path toward the Fed’s 2% target.
“The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks,” Powell stated.
Read more: How to Protect Yourself From Inflation Using Cryptocurrency
This signals that the Fed may be nearing the end of its rate-hiking cycle, depending on the latest economic data. Markets participants will closely watch the upcoming decision, as it could widely impact financial markets, including cryptocurrencies.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin may be a useful hedge against inflation in the near future as market uncertainty is growing. In the long run, it may also be useful to envision Bitcoin differently, treating it as a barometer for the tech industry.
Standard Chartered’s Head of Digital Assets Research and WeFi’s Head of Growth both shared exclusive comments with BeInCrypto regarding this topic.
Bitcoin: Inflation Hedge or Magnificent 7 Candidate?
Since the early days of the crypto space, investors have been using it as a hedge against inflation. However, it’s only recently that institutional investors are beginning to treat it the same way. According to Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, the trend of Bitcoin as an inflation hedge is increasing.
Still, this view may be too narrow in a few ways. Since the Bitcoin ETFs were first approved, BTC has been increasingly well-integrated with traditional finance. Kendrick noted this, saying that it is highly correlated with the NASDAQ in the short term. He claimed that Bitcoin might represent more than an inflation hedge, instead serving as an ersatz tech stock:
“BTC may be better viewed as a tech stock than as a hedge against TradFi issues. If we create a hypothetical index where we add BTC to the ‘Magnificent 7’ tech stocks, and remove Tesla, We find that our index, ‘Mag 7B’, has both higher returns and lower volatility than Mag 7,” Kendrick said in an exclusive interview with BeInCrypto.
This comparison is particularly apt for a few reasons. Tesla’s stock price is heavily entangled with Bitcoin, but it’s also been dropping due to political controversies. If Bitcoin were to replace Tesla’s position in the Magnificent 7, it may be a welcome addition. Of course, there is currently no mechanism to cleanly treat Bitcoin as a similar type of product. That could change.
However, Bitcoin’s role as an inflation hedge might be more immediately relevant. As Trump’s Liberation Day approaches, the crypto markets are becoming increasingly nervous about new US tariffs. As Agne Linge, Head of Growth at WeFi, said in an exclusive interview, these fears are impacting all risk-on assets, Bitcoin included.
“Crypto markets are closely tracking investor sentiment ahead of Trump’s…tariff announcement, with growing concerns over the potential economic impact. Bitcoin’s increasing correlation with traditional markets has amplified its exposure to broader macroeconomic trends, making it more sensitive to the risk-off sentiment that has affected equity markets,” Linge claimed.
She went on to state that US economic uncertainty was at record levels, surpassing both the 2008 financial crisis and the pandemic in April 2020. In these circumstances, recent inflation indicators are showing expected rates above expectations.
In such an environment, the crypto market is sure to take a hit, but traditional finance and the dollar is also in great jeopardy. All that is to say, Bitcoin is likely to be a solid inflation hedge in the near future. Even if it falls dramatically, it has worldwide appeal and the ability to rebound.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Michael Saylor, one of the most outspoken supporters of Bitcoin, is back and bolder than ever. In a recent statement, the former MicroStrategy CEO predicted that the alpha coin will potentially hit a $500 trillion market cap. Saylor’s bold prediction for the world’s top digital asset comes during the intensified push for a Strategic Bitcoin Reserve (SBR).
In his latest pro-crypto statement, Saylor argued that the digital asset will “demonetize gold”, then it will demonetize real estate, which he calculated as 10x more than gold. To summarize his argument, Saylor further states that Bitcoin will demonetize “all long-term store of value”.
Push For SBR Gains Ground
Saylor’s latest statement comes as Congress intensifies its efforts to build the country’s BTC holdings. United States President Donald Trump formalized the plans to build crypto holdings through an executive order to establish a strategic crypto reserve that will initially include $17 billion worth of BTC that the country currently controls.
Michael Saylor: Bitcoin Headed to $500 Trillion 🚀₿
– At Digital Asset Summit, MicroStrategy’s Saylor predicted:
• BTC will reach $500T market cap
• It will “demonetize gold, real estate & all long-term stores of value”
– Capital shift: “From physical to digital, from…— AFV GLOBAL (@afvglobal) March 28, 2025
According to the president, additional acquisitions of cryptocurrency are allowed, provided these are done through “budget-neutral” approaches. Senator Cynthia Lummis initially proposed in the Senate, through the Bitcoin Act, the plan to create a Bitcoin reserve. Under the proposal, the administration can purchase 1 million Bitcoin to complement the reserve.
Saylor Explains Crypto’s Role During Blockchain Summit
Saylor’s latest prediction on Bitcoin was made during his appearance at the DC Blockchain Summit. He was joined on stage by Jason Les, the CEO of Rito Platforms, and Lummis, the principal author of the Bitcoin Act.
During the program, Saylor was asked about America’s need for Bitcoin. Saylor answered with conviction, saying the rising importance of BTC is inevitable and will happen with the US’ participation. During his talk, he shared that Bitcoin, created by the enigmatic Satoshi Nakamoto, is unstoppable.
Image: Gemini Imagen
Saylor added that the premier digital asset is the next stage in money’s evolution, and it’s currently absorbing value from traditional assets like currency reserves and real estate.
Saylor Predicts Top Coin Will Reach $500 Trillion In Market Cap
During his talk, Saylor predicted that BTC will eventually grow from $2 billion to $20 billion, which can hit $200 billion and beyond. Finally, he thinks the asset can achieve a $500 trillion market capitalization, reflecting more than 29,000% increase from its current market capitalization of $1.67 trillion.
Saylor’s recent bold prediction aligns with his firm conviction and support for the asset. He argues that Bitcoin’s unique features, its decentralized nature and fixed supply, make it a perfect hedge against economic uncertainties like inflation.
Featured image from Gemini Imagen, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
A top executive of Strategy, formerly MicroStrategy, posted a cryptic post on X, fueling speculation that the company might be positioning itself to make another Bitcoin acquisition soon.
Strategy Executive Chairman Michael Saylor suggested in an X post that the company would purchase additional Bitcoins to boost its current BTC holding of $42 billion.
Saylor To Buy More Bitcoin
In a typical Saylor fashion, the Strategy top honcho disclosed the company’s BTC investment portfolio tracker, an indicator that the company is planning an upcoming Bitcoin acquisition.
Needs even more Orange. pic.twitter.com/lV5qgUP6oY
— Michael Saylor⚡️ (@saylor) March 30, 2025
“Needs even more Orange,” Saylor said in the post, referring to the orange circles in the graph (below), which represents the company’s Bitcoin purchases since September 2020.
Once again, Saylor’s post intrigued the crypto community because many believe the graph conveys a message that Strategy will buy more BTC soon.
Strategy Stockpile: Over $40B BTC
According to Saylor, Strategy’s Bitcoin holding now stands at more than $42 billion. Despite the company’s already huge investment in BTC, it seems the company will continue to increase its holdings, believing in the value of crypto.
Strategy has made great strides in building its BTC reserve from its initial Bitcoin purchase of 21,454 coins worth $250 million in August 2020.
On March 17, the company announced its latest acquisition of 130 Bitcoins for about $10.7 million in cash, with an average price of around $82,981 per coin.
Meanwhile, Onchain Lens reported on Sunday that Strategy moved a considerable number of its coins to new addresses.
“Strategy (formerly MicroStrategy) transferred 7,383.25 $BTC worth $612.92M to three new addresses on March 30,” Onchain Lens said in a post.
Analysts believe the company is influencing the crypto market to strengthen its position, as its chairman has consistently urged others never to sell their Bitcoin.
Strategy (formerly #MicroStrategy) has transferred 7,383.25 $BTC worth $612.92M into 3 new addresses.https://t.co/8KVn8hYNDL pic.twitter.com/g92HZCvoLp
— Onchain Lens (@OnchainLens) March 30, 2025
Fueling BTC Adoption
Many market observers argued that Saylor’s BTC investment strategy might have driven crypto adoption. Ironically, Saylor was pessimistic about Bitcoin’s future in 2013, predicting that the flagship crypto would fail.
However, in 2020, Saylor became one of Bitcoin’s staunch advocates and has now been preaching the merits of the firstborn crypto, urging companies to acquire Bitcoin.
For example, Visa planned to let its customers spend digital assets directly at 70 million merchants. At the same time, financial institutions such as JPMorgan and Morgan Stanley have begun offering crypto investments to wealthy clients and institutional investors.
Featured image from Times Now, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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