🚨 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