Many people are in despair! Why did the market still fall last night despite the positive news? Let me explain:

During a Q&A session at the Federal Reserve, someone mentioned Bitcoin (BTC). Powell clearly stated that he and the Federal Reserve do not have a positive outlook on Bitcoin and believe it is not suitable as a strategic reserve asset. Although theoretically Congress could amend the law to force the Federal Reserve to accept Bitcoin, Powell does not wish for that to happen. In short, Powell and the Federal Reserve have a negative attitude towards Bitcoin and do not want it to become an officially recognized reserve asset.

Many people are confused, can't the president solve this problem? Let me explain, originally everyone thought there was a 100% chance of something happening, but suddenly two opponents appeared, and the chance dropped to 70%. As an observer, wouldn't you bet on both sides?

Got it? But this time the drop was so severe, it's obvious that someone is manipulating the market!

After this drop, I realized that the gap in IQ between people is like a chasm.

Yesterday, when Powell said that the Federal Reserve would not hold Bitcoin, a large group of people started to analyze and interpret it crazily, thinking that this was the main reason for the drop, it's truly laughable.

First, the Federal Reserve does not have the authority to purchase reserve Bitcoin; it is merely a monetary management institution, and the law does not support its purchase of Bitcoin, which is not legal tender.

Second, there are many people in the world who are not interested in Bitcoin; are you overly reliant on others' approval? Gold has been around for many years, and there are still people who are reluctant to buy it. Once everyone rushes into the Bitcoin market, it will lose its playability.

Third, one of the reasons for this drop is that the expectation of interest rate cuts over the next 25 years has decreased from four times to two times. Moreover, this is not the main reason for the drop. More importantly, whether it’s the Nasdaq or Bitcoin, they had risen too much before, and now they just needed to drop, so they did; it's that simple! #puppies会是下一个shib #美联储放鹰 #加密市场回调 #市场调整後的机会？ #圣诞行情预测 $BTC $ETH $SHIB