The trend of Bitcoin is not only influenced by the Federal Reserve's monetary policy but also needs to pay attention to Trump's policies, which may bring some unexpected changes.
Regarding whether the Trump administration will reserve Bitcoin, Federal Reserve Chairman Powell stated that the Federal Reserve does not intend to hold Bitcoin and is, in fact, not allowed to hold it. He also said that the question of whether Bitcoin can be held should be decided by Congress, but the Federal Reserve has no intention of pushing for a change in the relevant laws.
Although Powell made relatively strong statements, there is no need for excessive concern; the overall upward trend of Bitcoin still exists. The main trend now is monetary easing, and the impact of the U.S. election has not fully emerged yet; the market is still looking forward to Trump fulfilling his promises made at the Bitcoin conference. I believe that a real bull market may appear in the first quarter of 2025, specifically between January 20 and February 20, after Trump takes office.