Powell: The Federal Reserve Has No Intention to Hold Bitcoin

Powell's fulfillment of a "hawkish" rate cut stance triggered a significant drop in asset prices! Powell: The Federal Reserve has no intention to hold Bitcoin, gold falls below 2600, and the S&P experiences its largest rate cut day decline since 2001, with Bitcoin's intraday decline at 4%;

Currently, there is ongoing debate about whether the incoming Trump administration will establish Bitcoin reserves. Powell stated that the Federal Reserve has no intention to hold Bitcoin. Powell said in a press conference after the FOMC meeting, "We are not allowed to hold Bitcoin." Regarding the legal issues of holding Bitcoin, Powell stated, "This is something Congress needs to consider, but we have no intention of seeking to change the law.

Whitney Watson from Goldman Sachs Asset Management expects that the Federal Reserve will skip a rate cut in January next year and then restart easing policies in March. The "new bond king" Gundlach stated that if energy prices rise significantly, we may not see the Federal Reserve cut rates until 2025. He expects both gold and Bitcoin to experience sideways fluctuations in the short term.

Old Trump wakes up to find all long positions liquidated! Don’t worry, brothers, take it slow; Old Powell will be out of office next month, it may just be temporary! Right now, do not blindly open long positions. #加密市场回调 #超级央行周