Powell vs. Bitcoin: Fed sets limits 🛑💡
Federal Reserve Chairman Jerome Powell said the Fed has no right to own Bitcoin. He added: "We're not going to change the law."
What does this mean? 🤔
The Fed remains aloof from crypto assets, even as Bitcoin is increasingly attracting interest from investors and companies.
This highlights that Bitcoin remains an independent, decentralized system that is not controlled by governments. 🚀
Why is this important?
1️⃣ Bitcoin's independence: Its strength is that it is not subject to governments or central banks. It is an asset of the people, not the system. 🕊️
2️⃣ Signal to the market: the lack of control by the Fed increases confidence in the cryptocurrency as "digital gold". 💰
Interesting question:
If even the Fed can't own Bitcoin, does that mean it's really that powerful and autonomous? Share your thoughts! 💬👇
