TZN Trader
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Many think this is bearish news for the market.
Many think that the FED does not want to buy Bitcoin. But the truth is quite different.
The FED cannot buy Bitcoin.
As stated by Jerome Powell, president of the FED, the institution is not authorized to own Bitcoin and is not considering legal changes in this regard.
This was also reiterated in various posts on X where it is emphasized that the FED does not have the mandate or the legal capacity to hold cryptocurrencies such as Bitcoin.
This does not mean that the USA will not be able to buy Bitcoin.
They are different things.
The USA through the Treasury can hold Bitcoin and Trump has repeatedly stated that the Bitcoin reserve strategy will proceed.
So dont worry,
You can't be more bullish than now
Many think that the FED does not want to buy Bitcoin. But the truth is quite different.
The FED cannot buy Bitcoin.
As stated by Jerome Powell, president of the FED, the institution is not authorized to own Bitcoin and is not considering legal changes in this regard.
This was also reiterated in various posts on X where it is emphasized that the FED does not have the mandate or the legal capacity to hold cryptocurrencies such as Bitcoin.
This does not mean that the USA will not be able to buy Bitcoin.
They are different things.
The USA through the Treasury can hold Bitcoin and Trump has repeatedly stated that the Bitcoin reserve strategy will proceed.
So dont worry,
You can't be more bullish than now
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