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The future of Bitcoin reserves in the U.S. faces challenges after the FED's rejection
Expectations for Bitcoin reserves to be approved by 2025 remain challenging as the FED refuses to support the U.S. government. What are the alternative solutions for establishing a Bitcoin reserve fund ?
FED Will Not Participate in Bitcoin Reserve Creation
On December 19, Federal Reserve Chairman Jerome Powell made it clear during a press conference following the monetary policy meeting that the FED has no intention of participating in any government plans to accumulate Bitcoin.
Bitcoin Reserve Probability Drops
According to the Polymarket prediction platform, the probability of forming a "Bitcoin Strategic Reserve" (BSR) dropped from a peak of 40% on December 18 to 34% after Powell's speech. The total market capitalization of cryptocurrencies also fell sharply by about 7.5% on December 19.
Can the FED Block Trump’s Bitcoin Reserve Fund?
First, it is important to clarify the role of the FED in the U.S. financial system. The FED operates under Congress, which has the highest authority over financial regulatory bodies. It is responsible for issuing regulations and financial policies through laws and authorizing other financial institutions, such as the SEC and FED, to carry out their functions.
In the U.S. economy, monetary policy and fiscal policy are the two main tools for economic management, with the FED and the Treasury Department respectively responsible for them. These two agencies maintain a system of checks and balances while operating independently to ensure the smooth functioning of the economy and the U.S. financial system.
While the FED has a high degree of independence in monetary policy and stabilizing the national economy, it does not have the authority to "veto" the creation of a Bitcoin Strategic Reserve (BSR).
Trump’s Bitcoin Reserve Proposal
If the Trump administration wanted to quickly implement a Bitcoin reserve, the most direct approach would be to sign an executive order upon taking office, instructing the Treasury Department to use the Exchange Stabilization Fund (ESF) to purchase Bitcoin directly.
The ESF is a special fund managed by the Treasury, primarily used to intervene in the foreign exchange market, support the stability of the U.S. dollar, and deal with international financial crises. This fund includes assets such as USD, Special Drawing Rights (SDRs), and gold.
In theory, the President could issue an executive order directing the Treasury to adjust the ESF's allocation to purchase or hold specific assets, thus avoiding the direct approval process by Congress and minimizing political opposition. A recent executive order drafted by the Bitcoin Policy Institute aimed to implement a Bitcoin reserve in this way.
To establish and maintain a stable long-term Bitcoin reserve, however, legislation through Congress would be necessary, incorporating Bitcoin into the "Strategic Reserve Act" or similar laws to recognize Bitcoin as a national strategic reserve asset. This approach would have higher legal legitimacy and create a long-term framework for holding Bitcoin.
The "U.S. Bitcoin Strategic Reserve Act," proposed by Senator Cynthia Lummis, follows this path. It has been formally introduced in Congress and is currently under review by the Senate Banking Committee.
The Way Forward
Regardless of whether through executive orders or legislation, current proposals suggest that establishing a Bitcoin reserve will ultimately require the Treasury Department to take the lead, rather than the FED.
In addition to the options mentioned, theoretically, the FED and the Treasury could choose a middle path to allocate Bitcoin. The FED could purchase Bitcoin through open market operations and add it to its balance sheet. With its relative independence, the FED would not need Congressional approval, but it would require a clear policy framework to support Bitcoin purchases.
However, given the recent statements from the FED, the likelihood of this method being implemented in the short term is very low. Meanwhile, the Treasury could set up a special fund to invest in Bitcoin as part of its fiscal investment plan, though this would still require Congressional approval.
If the reserve is approved, BTC would need to appreciate hundreds of times to cover federal debt.
No matter which path is chosen, the FED’s "no" answer does not entirely dismiss the Bitcoin reserve proposal. The pragmatism of the Trump administration signals support through action.
The answer regarding the Bitcoin reserve fund will likely be clarified when Trump officially takes office in early January 2025.
$BTC
$ETH
#MarketRebound #FedMeeting #JeromePowell #CorePCESignalsShift #BTCNextMove
FED Will Not Participate in Bitcoin Reserve Creation
On December 19, Federal Reserve Chairman Jerome Powell made it clear during a press conference following the monetary policy meeting that the FED has no intention of participating in any government plans to accumulate Bitcoin.
Bitcoin Reserve Probability Drops
According to the Polymarket prediction platform, the probability of forming a "Bitcoin Strategic Reserve" (BSR) dropped from a peak of 40% on December 18 to 34% after Powell's speech. The total market capitalization of cryptocurrencies also fell sharply by about 7.5% on December 19.
Can the FED Block Trump’s Bitcoin Reserve Fund?
First, it is important to clarify the role of the FED in the U.S. financial system. The FED operates under Congress, which has the highest authority over financial regulatory bodies. It is responsible for issuing regulations and financial policies through laws and authorizing other financial institutions, such as the SEC and FED, to carry out their functions.
In the U.S. economy, monetary policy and fiscal policy are the two main tools for economic management, with the FED and the Treasury Department respectively responsible for them. These two agencies maintain a system of checks and balances while operating independently to ensure the smooth functioning of the economy and the U.S. financial system.
While the FED has a high degree of independence in monetary policy and stabilizing the national economy, it does not have the authority to "veto" the creation of a Bitcoin Strategic Reserve (BSR).
Trump’s Bitcoin Reserve Proposal
If the Trump administration wanted to quickly implement a Bitcoin reserve, the most direct approach would be to sign an executive order upon taking office, instructing the Treasury Department to use the Exchange Stabilization Fund (ESF) to purchase Bitcoin directly.
The ESF is a special fund managed by the Treasury, primarily used to intervene in the foreign exchange market, support the stability of the U.S. dollar, and deal with international financial crises. This fund includes assets such as USD, Special Drawing Rights (SDRs), and gold.
In theory, the President could issue an executive order directing the Treasury to adjust the ESF's allocation to purchase or hold specific assets, thus avoiding the direct approval process by Congress and minimizing political opposition. A recent executive order drafted by the Bitcoin Policy Institute aimed to implement a Bitcoin reserve in this way.
To establish and maintain a stable long-term Bitcoin reserve, however, legislation through Congress would be necessary, incorporating Bitcoin into the "Strategic Reserve Act" or similar laws to recognize Bitcoin as a national strategic reserve asset. This approach would have higher legal legitimacy and create a long-term framework for holding Bitcoin.
The "U.S. Bitcoin Strategic Reserve Act," proposed by Senator Cynthia Lummis, follows this path. It has been formally introduced in Congress and is currently under review by the Senate Banking Committee.
The Way Forward
Regardless of whether through executive orders or legislation, current proposals suggest that establishing a Bitcoin reserve will ultimately require the Treasury Department to take the lead, rather than the FED.
In addition to the options mentioned, theoretically, the FED and the Treasury could choose a middle path to allocate Bitcoin. The FED could purchase Bitcoin through open market operations and add it to its balance sheet. With its relative independence, the FED would not need Congressional approval, but it would require a clear policy framework to support Bitcoin purchases.
However, given the recent statements from the FED, the likelihood of this method being implemented in the short term is very low. Meanwhile, the Treasury could set up a special fund to invest in Bitcoin as part of its fiscal investment plan, though this would still require Congressional approval.
If the reserve is approved, BTC would need to appreciate hundreds of times to cover federal debt.
No matter which path is chosen, the FED’s "no" answer does not entirely dismiss the Bitcoin reserve proposal. The pragmatism of the Trump administration signals support through action.
The answer regarding the Bitcoin reserve fund will likely be clarified when Trump officially takes office in early January 2025.
$BTC
$ETH
#MarketRebound #FedMeeting #JeromePowell #CorePCESignalsShift #BTCNextMove
ترجمة
Actualités Bitcoin : les raisons de la chute libre et pourquoi Cathie Wood reste optimiste
En regardant les dernières nouvelles sur$BTC Bitcoin, la cryptomonnaie en est officiellement à son troisième jour de vente massive depuis la chute des prix. Au moment de la mise sous presse, elle avait reculé de 13 % par rapport à son ATH actuel.
La question clé est désormais de savoir quelles sont les raisons de ce retracement et jusqu'où il peut chuter. Le bitcoin s'échangeait à 94 510 dollars au moment de l'observation, ce qui signifie qu'il a perdu plus de 13 000 dollars en seulement trois jours.
En d’autres termes, les quelque 270 milliards de dollars ont été effacés du marché depuis son récent pic de mardi.
Cette chute brutale des prix est le signe d'une panique massive sur le marché. Plus important encore, ce résultat s'est produit après la dernière réunion du FOMC au cours de laquelle Jerome Powell a révélé que la Fed n'achèterait pas de Bitcoin .
De plus, Powell a révélé que seulement 2 baisses de taux auront lieu en 2025. Ces déclarations ont alimenté un résultat baissier et cela a commencé comme une prise de bénéfices mais s'est transformé en une avalanche de pression de vente.
Source : X
Traditionnellement, les baisses de taux ouvrent la voie à une injection de liquidités plus importante en raison d'un accès plus facile. Cependant, l'inflation semble toujours élevée et pourrait être la raison pour laquelle le marché a réagi avec un résultat baissier.
Actualités Bitcoin : les liquidations augmentent en raison de la réduction de l'effet de levier
En outre, la pression de vente a déclenché une augmentation des liquidations, entraînant ainsi une réduction de l'effet de levier. Environ 409,42 milliards de dollars de liquidations longues ont eu lieu au cours des trois derniers jours.
Liquidations Bitcoin / source : Coinglass
En revanche, le total des liquidations courtes au cours de la même période s'est élevé à 109,26 $. Mais la tendance baissière va-t-elle se poursuivre pendant le week-end ?
De lourdes prises de bénéfices étaient inévitables et sont l'une des principales raisons de la chute rapide de la dernière vague de pressions vendeuses. Mais jusqu'où peut aller cette pression vendeuse ?
Le retracement de Fibonacci du début à la fin de sa vague haussière du quatrième trimestre suggère que l'accumulation pourrait revenir entre 73 907 $ et 80 500 $.
Évolution du prix du BTC / source : TradingView
Le retracement de Fibonacci indique que la pression de vente pourrait se poursuivre pendant le week-end. Cependant, cela dépend de la capacité de la demande à rester sous contrôle suffisamment longtemps pour que les baissiers puissent pousser jusqu'à cette fourchette.
De nombreux investisseurs peuvent considérer que les prix inférieurs à 100 000 $ sont en baisse. Cependant, certains anticipent une baisse des prix dans la fourchette susmentionnée.
Cela inclut l'ancien directeur de Binance, CZ, qui a révélé dans un tweet récent qu'il prévoyait une baisse à 80 000 $.
Source : X
Cathie Wood maintient une position très optimiste à long terme
Les investisseurs avisés tels que Cathie Wood, PDG d'Ark Invest, restent optimistes quant aux perspectives à long terme du BTC, malgré l'actualité Bitcoin et les développements relayés.
Elle avait prédit plus tôt cette année que Bitcoin pourrait dépasser le million de dollars d'ici 2030 et maintient sa position selon une récente interview de Bloomberg.
Woods a prédit que le Bitcoin pourrait être multiplié par 10 par rapport à ses niveaux actuels. Son objectif de prix pour 2030 se situe entre 1 et 1,5 million de dollars.
Elle a révélé lors de l'interview accordée à Bloomberg qu'elle prévoyait un afflux de liquidités institutionnelles au cours des cinq prochaines années.
Woods a soutenu sa prédiction en soulignant que les réglementations pro-crypto encourageraient une plus grande participation institutionnelle.
En outre, Woods a souligné que la réduction de moitié du Bitcoin en 2024 a rendu le BTC plus rare que l'or en termes d'offre annuelle. Cela le rend attrayant en tant qu'actif numérique rare.
L'article Bitcoin News : Raisons de la chute libre et pourquoi Cathie Wood rest
#fed
#cryptonews
#Baissier #jeromepowell
La question clé est désormais de savoir quelles sont les raisons de ce retracement et jusqu'où il peut chuter. Le bitcoin s'échangeait à 94 510 dollars au moment de l'observation, ce qui signifie qu'il a perdu plus de 13 000 dollars en seulement trois jours.
En d’autres termes, les quelque 270 milliards de dollars ont été effacés du marché depuis son récent pic de mardi.
Cette chute brutale des prix est le signe d'une panique massive sur le marché. Plus important encore, ce résultat s'est produit après la dernière réunion du FOMC au cours de laquelle Jerome Powell a révélé que la Fed n'achèterait pas de Bitcoin .
De plus, Powell a révélé que seulement 2 baisses de taux auront lieu en 2025. Ces déclarations ont alimenté un résultat baissier et cela a commencé comme une prise de bénéfices mais s'est transformé en une avalanche de pression de vente.
Source : X
Traditionnellement, les baisses de taux ouvrent la voie à une injection de liquidités plus importante en raison d'un accès plus facile. Cependant, l'inflation semble toujours élevée et pourrait être la raison pour laquelle le marché a réagi avec un résultat baissier.
Actualités Bitcoin : les liquidations augmentent en raison de la réduction de l'effet de levier
En outre, la pression de vente a déclenché une augmentation des liquidations, entraînant ainsi une réduction de l'effet de levier. Environ 409,42 milliards de dollars de liquidations longues ont eu lieu au cours des trois derniers jours.
Liquidations Bitcoin / source : Coinglass
En revanche, le total des liquidations courtes au cours de la même période s'est élevé à 109,26 $. Mais la tendance baissière va-t-elle se poursuivre pendant le week-end ?
De lourdes prises de bénéfices étaient inévitables et sont l'une des principales raisons de la chute rapide de la dernière vague de pressions vendeuses. Mais jusqu'où peut aller cette pression vendeuse ?
Le retracement de Fibonacci du début à la fin de sa vague haussière du quatrième trimestre suggère que l'accumulation pourrait revenir entre 73 907 $ et 80 500 $.
Évolution du prix du BTC / source : TradingView
Le retracement de Fibonacci indique que la pression de vente pourrait se poursuivre pendant le week-end. Cependant, cela dépend de la capacité de la demande à rester sous contrôle suffisamment longtemps pour que les baissiers puissent pousser jusqu'à cette fourchette.
De nombreux investisseurs peuvent considérer que les prix inférieurs à 100 000 $ sont en baisse. Cependant, certains anticipent une baisse des prix dans la fourchette susmentionnée.
Cela inclut l'ancien directeur de Binance, CZ, qui a révélé dans un tweet récent qu'il prévoyait une baisse à 80 000 $.
Source : X
Cathie Wood maintient une position très optimiste à long terme
Les investisseurs avisés tels que Cathie Wood, PDG d'Ark Invest, restent optimistes quant aux perspectives à long terme du BTC, malgré l'actualité Bitcoin et les développements relayés.
Elle avait prédit plus tôt cette année que Bitcoin pourrait dépasser le million de dollars d'ici 2030 et maintient sa position selon une récente interview de Bloomberg.
Woods a prédit que le Bitcoin pourrait être multiplié par 10 par rapport à ses niveaux actuels. Son objectif de prix pour 2030 se situe entre 1 et 1,5 million de dollars.
Elle a révélé lors de l'interview accordée à Bloomberg qu'elle prévoyait un afflux de liquidités institutionnelles au cours des cinq prochaines années.
Woods a soutenu sa prédiction en soulignant que les réglementations pro-crypto encourageraient une plus grande participation institutionnelle.
En outre, Woods a souligné que la réduction de moitié du Bitcoin en 2024 a rendu le BTC plus rare que l'or en termes d'offre annuelle. Cela le rend attrayant en tant qu'actif numérique rare.
L'article Bitcoin News : Raisons de la chute libre et pourquoi Cathie Wood rest
#fed
#cryptonews
#Baissier #jeromepowell
ترجمة
Fed Chair Jerome Powell Clarifies Stance on Bitcoin Holdings
🏦💬 In a recent statement, Federal Reserve Chair Jerome Powell addressed the central bank’s position on Bitcoin ownership:
“We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change.”
This clarification comes amid discussions about the potential establishment of a U.S. Bitcoin Strategic Reserve.
Key Points:
• Legal Constraints: The Federal Reserve is legally prohibited from holding Bitcoin under the current Federal Reserve Act.
• No Legislative Pursuit: Chair Powell emphasized that the Fed is not seeking changes to these laws to accommodate Bitcoin holdings.
• Market Impact: Following Powell’s remarks, Bitcoin’s value experienced a notable decline, reflecting the market’s sensitivity to regulatory perspectives.
Discussion:
Chair Powell’s statements underscore the Federal Reserve’s cautious approach toward integrating cryptocurrencies like Bitcoin into its asset portfolio.
Questions for the Community:
• What are your thoughts on the Federal Reserve’s stance regarding Bitcoin?
• How might this position influence the broader adoption of cryptocurrencies in the financial sector?
Stay Informed:
For more updates on cryptocurrency regulations and market movements, follow our page and join the conversation.
Hashtags:
#FederalReserve #JeromePowell #Bitcoin❗ #FinancialRegulation #FOMC_Decision
“We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change.”
This clarification comes amid discussions about the potential establishment of a U.S. Bitcoin Strategic Reserve.
Key Points:
• Legal Constraints: The Federal Reserve is legally prohibited from holding Bitcoin under the current Federal Reserve Act.
• No Legislative Pursuit: Chair Powell emphasized that the Fed is not seeking changes to these laws to accommodate Bitcoin holdings.
• Market Impact: Following Powell’s remarks, Bitcoin’s value experienced a notable decline, reflecting the market’s sensitivity to regulatory perspectives.
Discussion:
Chair Powell’s statements underscore the Federal Reserve’s cautious approach toward integrating cryptocurrencies like Bitcoin into its asset portfolio.
Questions for the Community:
• What are your thoughts on the Federal Reserve’s stance regarding Bitcoin?
• How might this position influence the broader adoption of cryptocurrencies in the financial sector?
Stay Informed:
For more updates on cryptocurrency regulations and market movements, follow our page and join the conversation.
Hashtags:
#FederalReserve #JeromePowell #Bitcoin❗ #FinancialRegulation #FOMC_Decision
ترجمة
📉 Overnight, the BTC price dropped below $99,000, while the US stock market lost over $1.5 trillion.
The market turmoil was triggered by the hawkish policy of Fed Chair Jerome Powell, who stated that future rate adjustments might be carried out more cautiously, with the path depending on further progress in reducing inflation.
Achieving the target inflation rate may take another one to two years, and a rate hike next year is unlikely.
#btc #JeromePowell #stock $BTC $WIF
The market turmoil was triggered by the hawkish policy of Fed Chair Jerome Powell, who stated that future rate adjustments might be carried out more cautiously, with the path depending on further progress in reducing inflation.
Achieving the target inflation rate may take another one to two years, and a rate hike next year is unlikely.
#btc #JeromePowell #stock $BTC $WIF
ترجمة
Big breaking 🚨
It’s 99% confirmed that fed chairman is gonna announce the interest cut by .25% by 2pm today.
Dow jones pre market futures have started positive after 9 days losing streak.
I suggest y’all don’t sell your positions and get ready for the bull run today. Let’s wait and watch🔥
#FederalReserve #JeromePowell #bitcoin☀️ #altsesaon #AllTimeHigh.
It’s 99% confirmed that fed chairman is gonna announce the interest cut by .25% by 2pm today.
Dow jones pre market futures have started positive after 9 days losing streak.
I suggest y’all don’t sell your positions and get ready for the bull run today. Let’s wait and watch🔥
#FederalReserve #JeromePowell #bitcoin☀️ #altsesaon #AllTimeHigh.
ترجمة
🚨 Powell slams Bitcoin! 💥
🇺🇸 Fed Chairman Jerome Powell made statements that shook global markets:
1️⃣ No Bitcoin as a reserve: the Fed ruled out adopting BTC as an official asset.
2️⃣ Interest rate cuts? Only twice in 2025, frustrating expectations of 3 cuts.
3️⃣ Persistent inflation: Powell said it could take up to 2 years to reach the 2% target, and there is a risk of a new rise in 2025.
📉 Market impact:
Bitcoin reacted negatively, falling below critical levels due to risk aversion.
The S&P 500 and more traditional assets also experienced volatility.The crypto market, which expected a more optimistic scenario with aggressive cuts, saw profit-taking by investors.
📊 Opportunity or warning sign? As the Fed takes a more cautious tone, the market may adjust its bets. Is Bitcoin's inflation hedge narrative in check?
💬 And you, do you think this drop is just a scare or a new trend?
#RideTheKaiaWave #JeromePowell #CPIUpdateOctober
🇺🇸 Fed Chairman Jerome Powell made statements that shook global markets:
1️⃣ No Bitcoin as a reserve: the Fed ruled out adopting BTC as an official asset.
2️⃣ Interest rate cuts? Only twice in 2025, frustrating expectations of 3 cuts.
3️⃣ Persistent inflation: Powell said it could take up to 2 years to reach the 2% target, and there is a risk of a new rise in 2025.
📉 Market impact:
Bitcoin reacted negatively, falling below critical levels due to risk aversion.
The S&P 500 and more traditional assets also experienced volatility.The crypto market, which expected a more optimistic scenario with aggressive cuts, saw profit-taking by investors.
📊 Opportunity or warning sign? As the Fed takes a more cautious tone, the market may adjust its bets. Is Bitcoin's inflation hedge narrative in check?
💬 And you, do you think this drop is just a scare or a new trend?
#RideTheKaiaWave #JeromePowell #CPIUpdateOctober
ترجمة
Bitcoin's dream as a strategic reserve asset for the US Over?
"We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change," Powell said. "That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed."
The market is bleeding despite the interest rate cut.
Fear Uncertainty and Doubt (FUD) allover
Just BTD or DCA, HODL and Keep quiet!
Whenever they tell you to look left for God's sake look right, we call that misdirection in acrobatics !😊
Will it be different this time around⁉️
👉Reality Check
Bitcoin is a money laundering tool
Facilitates Crimes and illegal activities as the means of payment.
wait a minute, all of the Sudden Bitcoin coin becomes a hot cake in the US and before you know the US Government through " asset Seizures" and surprisingly US based Companies tops the Chats for the largest Holders of Bitcoins globally!
How, Why and When on earth did they accumulate all that?
And By the way who the hell is Satoshi Nakamoto ?!!
The crypto market, which expected a more optimistic scenario with aggressive cuts, saw profit-taking by investors.
📊 Opportunity or warning sign? As the Fed takes a more cautious tone, the market may adjust its bets. Is Bitcoin's inflation hedge narrative in check?
💬 And you, do you think this drop is just a scare or a new trend? Bitcoin created in 2009, BRIC+S later on conceived 2003 and created 2009!!!! both Right after the 2008 Financial Crisis ! a coincidence?
Anyways, Not Financial Advice always DYOR
Peace Love and Harmony
$BTC
#WeAreAllSatoshi #RideTheKaiaWave #JeromePowell #CPIUpdateOctober
"We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change," Powell said. "That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed."
The market is bleeding despite the interest rate cut.
Fear Uncertainty and Doubt (FUD) allover
Just BTD or DCA, HODL and Keep quiet!
Whenever they tell you to look left for God's sake look right, we call that misdirection in acrobatics !😊
Will it be different this time around⁉️
👉Reality Check
Bitcoin is a money laundering tool
Facilitates Crimes and illegal activities as the means of payment.
wait a minute, all of the Sudden Bitcoin coin becomes a hot cake in the US and before you know the US Government through " asset Seizures" and surprisingly US based Companies tops the Chats for the largest Holders of Bitcoins globally!
How, Why and When on earth did they accumulate all that?
And By the way who the hell is Satoshi Nakamoto ?!!
The crypto market, which expected a more optimistic scenario with aggressive cuts, saw profit-taking by investors.
📊 Opportunity or warning sign? As the Fed takes a more cautious tone, the market may adjust its bets. Is Bitcoin's inflation hedge narrative in check?
💬 And you, do you think this drop is just a scare or a new trend? Bitcoin created in 2009, BRIC+S later on conceived 2003 and created 2009!!!! both Right after the 2008 Financial Crisis ! a coincidence?
Anyways, Not Financial Advice always DYOR
Peace Love and Harmony
$BTC
#WeAreAllSatoshi #RideTheKaiaWave #JeromePowell #CPIUpdateOctober
ترجمة
Fed Chair Jerome Powell Compares Bitcoin To Gold
Federal Reserve Chairman Jerome Powell has broken the silence on the broad comparison between Bitcoin, Gold, and the US Dollar. Speaking at the New York Times Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar.
Settling the Bitcoin Versus Gold Feud
The Fed Chair shared his take on this analogy while speaking with CNBC’s Andrew Ross Sorkin. His statements directly addresses Bitcoin proponents who believe the coin could displace the US Dollar. Rather than tagging it along the USD, Jerome Powell said BTC’s major competitor is gold and not the greenback.
This statement marks a major shift in the recognition of Bitcoin as an asset class. The statement has stirred a debate in the broader market on what this means for the strategic Bitcoin reserve plan President-elect Donald Trump is nursing.
Over the past decade, Bitcoin’s role has evolved significantly. While the coin started as an asset to facilitate Peer-2-Peer payments, it has since grown to become a viable hedge against inflation.
The comparison between BTC and gold hinges on this, considering the latter has served as a reliable store of value for centuries.
Another major narrative Bitcoin proponents are pushing over gold is its growth rate. While both assets have recorded multiple All-Time Highs (ATH) thus far this year, BTC has outperformed it in Year-to-Date (YTD) gains.
At the time of writing, BTC price was changing hands for $98,825.64, up by 3.24% in 24 hours. Comparatively, gold price has inked a 0.34% growth to $2,649.08.
Growing BTC Adoption By Institutions
Considering its age ang relevance, many institutional investors like Robert Kiyosaki still advocate for gold. However, there is a significant growth in the number of corporate investors buying Bitcoin.
MicroStrategy is leading the corporate adoption drive of the digital currency.
#JeromePowell #FED #bitcoin☀️ #GOLD #CryptoNews
Federal Reserve Chairman Jerome Powell has broken the silence on the broad comparison between Bitcoin, Gold, and the US Dollar. Speaking at the New York Times Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar.
Settling the Bitcoin Versus Gold Feud
The Fed Chair shared his take on this analogy while speaking with CNBC’s Andrew Ross Sorkin. His statements directly addresses Bitcoin proponents who believe the coin could displace the US Dollar. Rather than tagging it along the USD, Jerome Powell said BTC’s major competitor is gold and not the greenback.
This statement marks a major shift in the recognition of Bitcoin as an asset class. The statement has stirred a debate in the broader market on what this means for the strategic Bitcoin reserve plan President-elect Donald Trump is nursing.
Over the past decade, Bitcoin’s role has evolved significantly. While the coin started as an asset to facilitate Peer-2-Peer payments, it has since grown to become a viable hedge against inflation.
The comparison between BTC and gold hinges on this, considering the latter has served as a reliable store of value for centuries.
Another major narrative Bitcoin proponents are pushing over gold is its growth rate. While both assets have recorded multiple All-Time Highs (ATH) thus far this year, BTC has outperformed it in Year-to-Date (YTD) gains.
At the time of writing, BTC price was changing hands for $98,825.64, up by 3.24% in 24 hours. Comparatively, gold price has inked a 0.34% growth to $2,649.08.
Growing BTC Adoption By Institutions
Considering its age ang relevance, many institutional investors like Robert Kiyosaki still advocate for gold. However, there is a significant growth in the number of corporate investors buying Bitcoin.
MicroStrategy is leading the corporate adoption drive of the digital currency.
#JeromePowell #FED #bitcoin☀️ #GOLD #CryptoNews
ترجمة
Chủ tịch Fed Jerome Powell sẽ đứng đầu cuộc họp quan trọng tại Jackson Hole vào tuần tới, nơi các nhà lãnh đạo tài chính toàn cầu và các chuyên gia kinh tế sẽ tập trung để thảo luận về các vấn đề kinh tế quan trọng. Tháng trước, ông Powell đã chỉ ra rằng nếu tình hình lạm phát và thị trường lao động tiếp tục đi xuống, Fed có thể xem xét cắt giảm lãi suất trong cuộc họp sắp tới.
Fed đã duy trì lãi suất chính sách ở mức từ 5,25% đến 5,50% trong hơn một năm qua nhằm kiềm chế tăng trưởng kinh tế và duy trì áp lực để kiềm chế lạm phát. Tuy nhiên, dữ liệu thị trường lao động yếu mạnh ở đầu tháng này đã khiến nỗi lo ngại lan rộng trong các nhà đầu tư, cho rằng Fed đã duy trì chính sách hạn chế quá lâu và có thể cần phải thực hiện một động thái mạnh mẽ hơn là cắt giảm lãi suất lên đến nửa điểm phần trăm vào tháng 9, hoặc có thể sớm hơn, nhằm ngăn ngừa nguy cơ suy thoái đang rình rập.
Cuộc họp tại Jackson Hole sẽ cung cấp cho các nhà đầu tư và chính quyền một cái nhìn sâu sắc về việc Fed sẽ đáp ứng như thế nào đối với những thách thức kinh tế hiện tại, trong bối cảnh tăng trưởng chậm lại và áp lực giảm lạm phát vẫn đang diễn ra.
theo: Latest Crypto News
#FED #jeromepowell
Fed đã duy trì lãi suất chính sách ở mức từ 5,25% đến 5,50% trong hơn một năm qua nhằm kiềm chế tăng trưởng kinh tế và duy trì áp lực để kiềm chế lạm phát. Tuy nhiên, dữ liệu thị trường lao động yếu mạnh ở đầu tháng này đã khiến nỗi lo ngại lan rộng trong các nhà đầu tư, cho rằng Fed đã duy trì chính sách hạn chế quá lâu và có thể cần phải thực hiện một động thái mạnh mẽ hơn là cắt giảm lãi suất lên đến nửa điểm phần trăm vào tháng 9, hoặc có thể sớm hơn, nhằm ngăn ngừa nguy cơ suy thoái đang rình rập.
Cuộc họp tại Jackson Hole sẽ cung cấp cho các nhà đầu tư và chính quyền một cái nhìn sâu sắc về việc Fed sẽ đáp ứng như thế nào đối với những thách thức kinh tế hiện tại, trong bối cảnh tăng trưởng chậm lại và áp lực giảm lạm phát vẫn đang diễn ra.
theo: Latest Crypto News
#FED #jeromepowell
ترجمة
Fed Chair Jerome Powell Compares Bitcoin To Gold
Fed Chair Jerome Powell Compares Bitcoin To Gold
Federal Reserve Chairman Jerome Powell has broken the silence on the broad comparison between Bitcoin, Gold, and the US Dollar. Speaking at the New York Times Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar.
Settling the Bitcoin Versus Gold Feud
The Fed Chair shared his take on this analogy while speaking with CNBC’s Andrew Ross Sorkin. His statements directly addresses Bitcoin proponents who believe the coin could displace the US Dollar. Rather than tagging it along the USD, Jerome Powell said BTC’s major competitor is gold and not the greenback.
This statement marks a major shift in the recognition of Bitcoin as an asset class. The statement has stirred a debate in the broader market on what this means for the strategic Bitcoin reserve plan President-elect Donald Trump is nursing.
Over the past decade, Bitcoin’s role has evolved significantly. While the coin started as an asset to facilitate Peer-2-Peer payments, it has since grown to become a viable hedge against inflation. The comparison between BTC and gold hinges on this, considering the latter has served as a reliable store of value for centuries.
Another major narrative Bitcoin proponents are pushing over gold is its growth rate. While both assets have recorded multiple All-Time Highs (ATH) thus far this year, BTC has outperformed it in Year-to-Date (YTD) gains.
At the time of writing, BTC price was changing hands for $98,825.64, up by 3.24% in 24 hours. Comparatively, gold price has inked a 0.34% growth to $2,649.08.
Growing BTC Adoption By Institutions
Considering its age ang relevance, many institutional investors like Robert Kiyosaki still advocate for gold. However, there is a significant growth in the number of corporate investors buying Bitcoin.
MicroStrategy is leading the corporate adoption drive of the digital currency. As reported earlier by Coingape, the business intelligence and software firm increased its Bitcoin holdings to 402,100 units earlier this week. This massive boost comes in after the firm bought 15,400 BTC for $1.5 billion.
After about 2 decades that gold ETF products went live, spot Bitcoin ETF products secured approval earlier this year. This product has served as a major channel for traditional investors like Wells Fargo and Susquehanna International Group with BTC positions.
#JeromePowell #FED #bitcoin☀️ #GOLD #CryptoNews
Federal Reserve Chairman Jerome Powell has broken the silence on the broad comparison between Bitcoin, Gold, and the US Dollar. Speaking at the New York Times Dealbook Summit, he revealed that Bitcoin is a speculative asset that has a closer correlation to Gold rather than the US Dollar.
Settling the Bitcoin Versus Gold Feud
The Fed Chair shared his take on this analogy while speaking with CNBC’s Andrew Ross Sorkin. His statements directly addresses Bitcoin proponents who believe the coin could displace the US Dollar. Rather than tagging it along the USD, Jerome Powell said BTC’s major competitor is gold and not the greenback.
This statement marks a major shift in the recognition of Bitcoin as an asset class. The statement has stirred a debate in the broader market on what this means for the strategic Bitcoin reserve plan President-elect Donald Trump is nursing.
Over the past decade, Bitcoin’s role has evolved significantly. While the coin started as an asset to facilitate Peer-2-Peer payments, it has since grown to become a viable hedge against inflation. The comparison between BTC and gold hinges on this, considering the latter has served as a reliable store of value for centuries.
Another major narrative Bitcoin proponents are pushing over gold is its growth rate. While both assets have recorded multiple All-Time Highs (ATH) thus far this year, BTC has outperformed it in Year-to-Date (YTD) gains.
At the time of writing, BTC price was changing hands for $98,825.64, up by 3.24% in 24 hours. Comparatively, gold price has inked a 0.34% growth to $2,649.08.
Growing BTC Adoption By Institutions
Considering its age ang relevance, many institutional investors like Robert Kiyosaki still advocate for gold. However, there is a significant growth in the number of corporate investors buying Bitcoin.
MicroStrategy is leading the corporate adoption drive of the digital currency. As reported earlier by Coingape, the business intelligence and software firm increased its Bitcoin holdings to 402,100 units earlier this week. This massive boost comes in after the firm bought 15,400 BTC for $1.5 billion.
After about 2 decades that gold ETF products went live, spot Bitcoin ETF products secured approval earlier this year. This product has served as a major channel for traditional investors like Wells Fargo and Susquehanna International Group with BTC positions.
#JeromePowell #FED #bitcoin☀️ #GOLD #CryptoNews
ترجمة
🔥BREAKING🔥
Powell coloca septiembre en la mesa para recorte tasas y Fed mantiene costos del crédito.
Jerome Powell, presidente de la Fed, anunció que es posible un recorte de tasas en septiembre si la tendencia de desaceleración de la inflación continúa, tras mantener estables las tasas en la reunión actual
también ha anunciado que alargar la bajada debilitaría la economía innecesariamente 😎 🔥
Bullish 🙌 #bitcoinhoy
#jeromepowell #economía #inflación
Powell coloca septiembre en la mesa para recorte tasas y Fed mantiene costos del crédito.
Jerome Powell, presidente de la Fed, anunció que es posible un recorte de tasas en septiembre si la tendencia de desaceleración de la inflación continúa, tras mantener estables las tasas en la reunión actual
también ha anunciado que alargar la bajada debilitaría la economía innecesariamente 😎 🔥
Bullish 🙌 #bitcoinhoy
#jeromepowell #economía #inflación
ترجمة
Días como hoy son los que se pueden aprovechar a comprar y holdear buenas monedas para los que somos holdeadores, sin embargo no es muy recomendable operar futuros hoy, muchas noticias y mucha volatilidad, esperar una buena señal en el mercado es importante, paciencia, todavía el $BTC está buscando liquidación. Jerome Powell habla en algunas horas, se sacudirá el mercado, hacia cualquier dirección el mercado será volatil hoy.$BTC $BNB #jeromepowell #Bitcoin
ترجمة
🚨💰 Trump's Take on Jerome Powell: No Plans to Kick Him Out
Former President Trump recently clarified that he never wanted to remove Jerome Powell as Chair of the Federal Reserve 🤔. This statement follows a history of sharp criticism 📉, where Trump openly disapproved of Powell's monetary policy decisions.
Powell's Stand for Independence 🙅♂️
Powell has consistently asserted his independence as Fed Chair, making it clear that:
He wouldn't resign even if asked by the President 🚫.
The President doesn't have the authority to fire him or senior Fed officials 🛑.
Political Pressure vs. Fed Credibility 📈
Trump's critical stance on the Federal Reserve and speculation around his influence over central bank decisions 🤝 has sparked debates. Despite this, Powell's strong commitment to maintaining the Fed's independence has helped preserve its credibility and the broader market’s stability 💪.
$BTC
$ETH
$BNB
#FederalReserve #JeromePowell #TrumpFedDebate #BTC #Write2Earn!
Former President Trump recently clarified that he never wanted to remove Jerome Powell as Chair of the Federal Reserve 🤔. This statement follows a history of sharp criticism 📉, where Trump openly disapproved of Powell's monetary policy decisions.
Powell's Stand for Independence 🙅♂️
Powell has consistently asserted his independence as Fed Chair, making it clear that:
He wouldn't resign even if asked by the President 🚫.
The President doesn't have the authority to fire him or senior Fed officials 🛑.
Political Pressure vs. Fed Credibility 📈
Trump's critical stance on the Federal Reserve and speculation around his influence over central bank decisions 🤝 has sparked debates. Despite this, Powell's strong commitment to maintaining the Fed's independence has helped preserve its credibility and the broader market’s stability 💪.
$BTC
$ETH
$BNB
#FederalReserve #JeromePowell #TrumpFedDebate #BTC #Write2Earn!
ترجمة
#BitcoinUpdate:
remains below its $61.7k #resistance with immediate support at $60.2k on the 4-hour chart. The market is indecisive, but this could shift today with #JeromePowell upcoming speech on the economic outlook.There's a significant liquidation level forming at $62k, which might be tested. If $BTC breaks through $61.7k and holds, it could quickly move towards $64k. Conversely, if support at $60.2k fails, the next critical level to watch is $59.6k.
#PowellSpeaks #MarketConditions
remains below its $61.7k #resistance with immediate support at $60.2k on the 4-hour chart. The market is indecisive, but this could shift today with #JeromePowell upcoming speech on the economic outlook.There's a significant liquidation level forming at $62k, which might be tested. If $BTC breaks through $61.7k and holds, it could quickly move towards $64k. Conversely, if support at $60.2k fails, the next critical level to watch is $59.6k.
#PowellSpeaks #MarketConditions
ترجمة
HOY HABLA JEROME POWELL
Wall Street espera con atención el discurso del presidente de la Reserva Federal, Jerome Powell, previsto para más tarde en la sesión del miércoles, aunque el tono general parece optimista. Salesforce ha sorprendido positivamente con sus resultados del tercer trimestre, mientras que, en Europa, el Gobierno francés enfrenta una moción de censura.
Los inversores estarán atentos a sus comentarios en busca de nuevas pistas sobre los planes del banco central respecto a los tipos de interés.
Este discurso llega a pocas semanas de la última reunión del banco central estadounidense en 2024, en la que se espera que los responsables políticos decidan reducir nuevamente los tipos de interés, en 25 puntos básicos.
Cabe señalar que el índice de precios al consumo de octubre, publicado el mes pasado, mostró un aumento en la cifra anual general hasta el 2,6%, frente al 2,4% registrado en septiembre. Por su parte, el IPC subyacente, que excluye los alimentos y la energía, subió un 3,3% en los últimos 12 meses hasta octubre, ambos por encima del objetivo del 2,0% de la Reserva Federal.
Además, la posibilidad de políticas comerciales proteccionistas bajo la presidencia electa de Donald Trump, que podrían implicar aranceles sobre una serie de importaciones, ha generado preocupaciones sobre el impacto a largo plazo en la inflación.
Más allá del discurso de Powell, los inversores también estarán atentos a los datos de empleo de las nóminas no agrícolas de noviembre, que se publicarán este viernes, en medio de expectativas de un informe potencialmente fuerte, ya que el mercado laboral sigue mostrando signos de resistencia.
Los futuros suben a la espera de las nóminas privadas ADP
Los futuros de acciones de EE.UU. subieron el miércoles, sumándose a las recientes ganancias con los datos clave de empleo en la pizarra económica.
Hacia las 03:55 ET (08:55 GMT), el contrato de futuros del Dow subía 150 puntos, o un 0,3%, los futuros del S&P 500 subían 12 puntos, o un 0,2%, y los futuros del Nasdaq 100 avanzaban 100 puntos, o un 0,5%.
Los principales índices de referencia cotizaron en rangos estrechos el martes, continuando el tibio comienzo de diciembre en comparación con los fuertes avances de principios del mes anterior, mientras Donald Trump consolidaba su regreso a la Casa Blanca.
No obstante, tanto el S&P 500 como el Nasdaq Composite cerraron en niveles récord, mientras que el Dow Jones Industrial Average retrocedió ligeramente.
Todas las miradas estarán puestas en el informe Nóminas privadas ADP de noviembre que se publicará más adelante en la sesión, especialmente con el informe mensual de empleo que se publicará el viernes.
#S&P500
Los inversores estarán atentos a sus comentarios en busca de nuevas pistas sobre los planes del banco central respecto a los tipos de interés.
Este discurso llega a pocas semanas de la última reunión del banco central estadounidense en 2024, en la que se espera que los responsables políticos decidan reducir nuevamente los tipos de interés, en 25 puntos básicos.
Cabe señalar que el índice de precios al consumo de octubre, publicado el mes pasado, mostró un aumento en la cifra anual general hasta el 2,6%, frente al 2,4% registrado en septiembre. Por su parte, el IPC subyacente, que excluye los alimentos y la energía, subió un 3,3% en los últimos 12 meses hasta octubre, ambos por encima del objetivo del 2,0% de la Reserva Federal.
Además, la posibilidad de políticas comerciales proteccionistas bajo la presidencia electa de Donald Trump, que podrían implicar aranceles sobre una serie de importaciones, ha generado preocupaciones sobre el impacto a largo plazo en la inflación.
Más allá del discurso de Powell, los inversores también estarán atentos a los datos de empleo de las nóminas no agrícolas de noviembre, que se publicarán este viernes, en medio de expectativas de un informe potencialmente fuerte, ya que el mercado laboral sigue mostrando signos de resistencia.
Los futuros suben a la espera de las nóminas privadas ADP
Los futuros de acciones de EE.UU. subieron el miércoles, sumándose a las recientes ganancias con los datos clave de empleo en la pizarra económica.
Hacia las 03:55 ET (08:55 GMT), el contrato de futuros del Dow subía 150 puntos, o un 0,3%, los futuros del S&P 500 subían 12 puntos, o un 0,2%, y los futuros del Nasdaq 100 avanzaban 100 puntos, o un 0,5%.
Los principales índices de referencia cotizaron en rangos estrechos el martes, continuando el tibio comienzo de diciembre en comparación con los fuertes avances de principios del mes anterior, mientras Donald Trump consolidaba su regreso a la Casa Blanca.
No obstante, tanto el S&P 500 como el Nasdaq Composite cerraron en niveles récord, mientras que el Dow Jones Industrial Average retrocedió ligeramente.
Todas las miradas estarán puestas en el informe Nóminas privadas ADP de noviembre que se publicará más adelante en la sesión, especialmente con el informe mensual de empleo que se publicará el viernes.
#S&P500
ترجمة
Market mei trading sey paisa bana hai tu yeh sajmna Zaroori hai
Jerome Powell crypto stock forex gold trading sub k daddy hain kyun k woh America ke Federal Reserve ka head hai. Federal Reserve wo idara hai jo America ki paison ki policy banata hai, yani note chapwane aur soodon ka faisla karta hai. Isko aise samjho ke yeh America ka “State Bank” hai.
Ab Jerome Powell aaj ek speech dene wale hain. Ye speech is liye important hai kyunke 18 December ko Federal Reserve decide karega ke interest rate kam karna hai ya nahi. Interest rate ka seedha asar hota hai economy par aur markets par, jaise stock market aur crypto market.
Agar Federal Reserve interest rate kam karega (25 bps yani 0.25%), to iska matlab hai log bank se sasta qarz le sakenge aur zyada paisa markets mein lagayenge. Is se stocks aur crypto ka rate barhne ka chance hota hai, jaise Bitcoin ya Tesla ke shares.
Magar agar wo interest rate nahi kam karega, to iska matlab hai paisa mehnga ho jayega aur log markets mein paisa lagane se ghabrayenge. Is se stocks aur crypto ka rate girne ka chance hota hai.
So abhi sab log Jerome Powell ki baat ka intezar kar rahe hain ke wo kya hints dete hain. Pakistan ke example lo, jaise agar State Bank Pakistan ke interest rate kam kare, to log property ya stocks mein paisa zyada lagayenge. Isi tarah Jerome Powell ki speech ka asar America ki market par aur indirectly duniya ki sari markets, including Pakistan ke logon ke investments par bhi ho sakta hai.
Yani simple baat yeh hai: uski baat se pata chalega ke agle dino mein market oopar jayegi ya neeche!
$BTC $DOGE $XRP
#JeromePowell #IMF #Loans
Jerome Powell crypto stock forex gold trading sub k daddy hain kyun k woh America ke Federal Reserve ka head hai. Federal Reserve wo idara hai jo America ki paison ki policy banata hai, yani note chapwane aur soodon ka faisla karta hai. Isko aise samjho ke yeh America ka “State Bank” hai.
Ab Jerome Powell aaj ek speech dene wale hain. Ye speech is liye important hai kyunke 18 December ko Federal Reserve decide karega ke interest rate kam karna hai ya nahi. Interest rate ka seedha asar hota hai economy par aur markets par, jaise stock market aur crypto market.
Agar Federal Reserve interest rate kam karega (25 bps yani 0.25%), to iska matlab hai log bank se sasta qarz le sakenge aur zyada paisa markets mein lagayenge. Is se stocks aur crypto ka rate barhne ka chance hota hai, jaise Bitcoin ya Tesla ke shares.
Magar agar wo interest rate nahi kam karega, to iska matlab hai paisa mehnga ho jayega aur log markets mein paisa lagane se ghabrayenge. Is se stocks aur crypto ka rate girne ka chance hota hai.
So abhi sab log Jerome Powell ki baat ka intezar kar rahe hain ke wo kya hints dete hain. Pakistan ke example lo, jaise agar State Bank Pakistan ke interest rate kam kare, to log property ya stocks mein paisa zyada lagayenge. Isi tarah Jerome Powell ki speech ka asar America ki market par aur indirectly duniya ki sari markets, including Pakistan ke logon ke investments par bhi ho sakta hai.
Yani simple baat yeh hai: uski baat se pata chalega ke agle dino mein market oopar jayegi ya neeche!
$BTC $DOGE $XRP
#JeromePowell #IMF #Loans