Powell States That Bitcoin Cannot Enter the Federal Reserve System

On December 19, 2024, Federal Reserve Chairman Powell delivered a speech, clearly stating that cryptocurrencies such as Bitcoin cannot enter the Federal Reserve system. He defined Bitcoin as a highly volatile speculative asset, rather than a stable currency or means of payment, and therefore does not meet the conditions for inclusion in the central bank system. This statement led to a short-term drop in Bitcoin prices, and other cryptocurrencies were also affected. Powell also expressed the Federal Reserve's cautious attitude towards digital currencies, hinting that future regulation may tighten. This indicates that the integration of cryptocurrencies with the traditional financial system still faces significant obstacles, and investors need to respond cautiously to market volatility and potential regulatory risks. The market reacted strongly, reflecting investors' concerns about the future development prospects of cryptocurrencies.#美联储放鹰 #puppies，一级市场难得的金狗