🚨 Powell Eliminates Bitcoin! 💥
🇺🇸 Fed Chairman Jerome Powell made statements that moved global markets:
1️⃣ No Bitcoin as a reserve: The Fed ruled out adopting BTC as an official asset.
2️⃣ Interest rate cuts? Only 2 times in 2025, frustrating expectations of 3 cuts.
3️⃣ Persistent inflation: Powell said it could take up to 2 years to reach the 2% target, and there is a risk of another hike in 2025.
📉 Market impact:
Bitcoin reacted negatively, falling below critical risk aversion levels.
The S&P 500 and more traditional assets also experienced volatility.
The crypto market, which was expecting a more optimistic scenario with aggressive cuts, saw profit-taking from investors.
📊 Opportunity or warning sign?
As the Fed adopts a more cautious tone, the market could adjust its bets. Is Bitcoin’s inflation hedge narrative under control?
💬 And do you think this decline is just a scare or a new trend? 👇#Bitcoin #Powell #Binance