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A Detailed Analysis of Why the Federal Reserve Cannot Hold BTC
A reporter asked about the U.S. national BTC strategic reserve.
Powell responded: The Federal Reserve is not allowed to own Bitcoin. We are not seeking any legal changes.
He indeed spoke in accordance with the 'current' situation.
However, this statement is somewhat general, vague, and abstract. We need to carefully break it down.
First, what does Powell think the nature of BTC is?
Looking back at the Chain of Teaching's article dated 2024.12.5 (The Bitcoin Wind Rises Again, Breaking $100,000 for the First Time), Powell recently stated publicly that, in his view, BTC is more like gold. He said, 'It is not a competitor to the dollar, but a competitor to gold.'
Powell responded: The Federal Reserve is not allowed to own Bitcoin. We are not seeking any legal changes.
He indeed spoke in accordance with the 'current' situation.
However, this statement is somewhat general, vague, and abstract. We need to carefully break it down.
First, what does Powell think the nature of BTC is?
Looking back at the Chain of Teaching's article dated 2024.12.5 (The Bitcoin Wind Rises Again, Breaking $100,000 for the First Time), Powell recently stated publicly that, in his view, BTC is more like gold. He said, 'It is not a competitor to the dollar, but a competitor to gold.'
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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