Firstly, it is normal for the Federal Reserve not to accept Bitcoin; accepting Bitcoin would be against reason. Expecting the Federal Reserve to recognize Bitcoin is similar to asking Federal Reserve Chairman Powell to act against his core responsibilities and positions.

As the central bank of the United States, the Federal Reserve has critical functions such as formulating and implementing monetary policy, with currency issuance being one of its important tasks. By controlling the quantity and pace of U.S. dollar issuance, it aims to stabilize the domestic economic order and maintain the U.S. dollar's dominant position in the international monetary system.

Bitcoin is a cryptocurrency based on blockchain technology, characterized by a clear decentralization feature in its design. It has a total supply cap of 21 million coins, which challenges and responds to the issue of currency overproduction in traditional fiat currency systems. This fundamentally creates a conceptual opposition to fiat currencies, especially the U.S. dollar, which is widely circulated globally. Given the significant differences in nature, objectives, and operational logic between Bitcoin and the U.S. dollar, it is nearly infeasible for the Federal Reserve to accept Bitcoin.#加密市场反弹