Powell, the head of the Federal Reserve, said they can't buy Bitcoin and don't want to change the laws.
But did you know?
The Federal Reserve is actually a private company, not the government. Some speculate Powell said this for three reasons:
First, he might want to privately accumulate some coins;
Second, Trump might have told him to do this, wanting to crash the market and buy at a low price for the U.S.;
Third, he wants to make the Federal Reserve's data look better before leaving, avoiding rate cuts.
It’s possible all three reasons are true, but we’re not sure; those who understand will understand.
If Trump comes to power, he will definitely find a way to make the Federal Reserve cut rates, which is why everyone thinks his victory would be good for the crypto market.
Now, the rate cut has been decided, which is good for us. Everyone is waiting to see what Trump will do after he takes office on January 20.
Speaking of Bitcoin, there is less and less Bitcoin in global exchanges, as everyone is hoarding it. The price of Bitcoin has been rising consistently; although it sometimes drops a bit, it is generally on the rise.
Some big companies, like MicroStrategy, have spent a lot of money to buy a lot of Bitcoin. Their actions indicate they believe Bitcoin will continue to rise.
After discussing Bitcoin, let’s take a look at Ethereum. The price of Ethereum has also reached a new high this year, then dropped back to clear some leverage.
However, money from Wall Street keeps coming in, and seasoned traders have mostly sold out. I believe Ethereum will continue to rise, and breaking new highs is very possible.
The best strategy now is to hold steady; the bull market is here, rising rapidly. If you keep moving, you may end up losing money. Although altcoins may seem unpromising now, they can also rise quickly once they start. When Bitcoin rises, Ethereum rises, and when Ethereum rises, altcoins follow. So, hold your coins well, and don’t get shaken out.
Overall, I think the market will continue to rise and fall, but the trend is upward. The bull market is here; everyone needs to brace themselves for acceleration.
As for the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with great potential; a projected space of over 10 times is definitely achievable. If you want to make big money in the bull market, like and comment, and I will take you through the entire bull market layout!
