In a shocking development, Federal Reserve Chairman Jerome Powell announced an hour ago at a press conference that the Fed is “not allowed to own Bitcoin,” and confirmed that they “have no plans to change the laws” to allow this.
💡 This surprising statement casts a shadow over the market and raises major questions about the future of digital currencies, especially after the severe bleeding that the markets are witnessing today.
❓ What does this statement mean?
1️⃣ It may reflect the reticence of government institutions to accept digital currencies as part of the traditional financial system.
2️⃣ It opens the door to broader discussions about the need to develop new laws to integrate digital currencies into the economy.
3️⃣ It puts more pressure on Bitcoin to prove its worth as a digital asset that is not affected by government policies.
📉 Markets are bleeding: Cryptocurrencies are suffering a major shock after this statement, and Bitcoin is witnessing a noticeable decline amid a state of anxiety and tension.
🔑 Golden Opportunity: In times of decline, investment opportunities are created, and the smart investor is the one who takes advantage of these moments wisely. This shock may be the beginning of a new recovery after absorption.
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