🔥Mr. Powell in yesterday's interview: Will continue to cut interest rates, Bitcoin is more like gold than dollar

🔶Answering an interview at the DealBook Conference (New York) yesterday, he answered a few questions that were quite profitable and pushed market sentiment:

- The US economy is still growing extremely well

- Long-term inflation will be 2% and we are confident about that.

- Continue to cut interest rates, on the way to long-term interest rates

- The FED operates independently (not related to the US budget) so the regulation of the new government will not affect (the FED's decisions)

- The US fiscal policy is very uncertain

-> Completely dovish, exactly the answers the market wants, S&P 500 broke ATH in yesterday's session.

🔥When asked about Bitcoin, he replied:

- People are using Bitcoin as a speculative asset, right? So it is more like gold. It is gold, just in digital form.

Bitcoin is not the same as and does not compete with USD, it should be compared to gold.

- The reporter asked if he was investing in crypto, he replied "I am not allowed to do that".

🔶Luckily, he said he was holding a few dozen $BTC, so this morning $BTC would have gone up to $150K.