🔸 Jerome Powell - The Statement That Shook the Market
In a shocking statement yesterday, Federal Reserve Chairman Jerome Powell affirmed that the Fed is not allowed to own Bitcoin. This statement is not just a neutral move, but is also seen as a "bomb" hitting market sentiment, causing Bitcoin to plummet sharply.
🔸 The Bitcoin Market Shakes
Immediately after Powell's statement, the price of Bitcoin dropped by more than 5% within hours, dragging the entire cryptocurrency market into a "red" state. This is not just a psychological reaction, but also exposes the sensitivity of the cryptocurrency market to statements from economic leaders.
🔸 Powell: No Changes to Laws to Own Bitcoin
The Fed Chairman emphasized that holding Bitcoin or any cryptocurrency asset is not within the framework of the Fed's operations and there are no plans to change that. This has extinguished the hopes of the cryptocurrency community regarding the possibility of the U.S. adopting Bitcoin as a strategic reserve asset.
🔸 The Opposition in American Politics
In contrast to Powell, former President Donald Trump previously expressed a positive view towards Bitcoin and proposed the establishment of a national Bitcoin reserve. Powell's statement not only pushed the market into a state of anxiety but also highlighted the contradiction in the approach to cryptocurrency in the U.S.
🔸 What Should Investors Do?
The cryptocurrency market is already known for its high volatility, and events like this further emphasize the importance of risk management. Bitcoin remains an asset that many long-term investors trust, but this drop is a wake-up call that: always be cautious and thoroughly assess policy moves before making decisions.
🌟 Conclusion
The "bomb drop" event from the Fed has created a major storm for the cryptocurrency market, but it is also an opportunity for experienced investors to take advantage of price adjustments. Remember that in the world of crypto, volatility is an opportunity, but only for those who know how to prepare.