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
#WeAreAllSatoshi #RideTheKaiaWave #JeromePowell #CPIUpdateOctober