Bitcoin was trampled under Powell's feet.

In a speech, Fed Chairman Powell said that "the Fed does not allow and has no intention to hold Bitcoin." This statement directly led to a sharp drop in the price of Bitcoin, which fell below $100,000. Correspondingly, all global assets have suffered heavy trauma. It seems that Powell is still the strongest and most ruthless character in the "asset world."

The result that Bitcoin investors least want to see has come. The "Theresa Group" they want has been crushed; the result that Trump least wants to see has also come. An important promise he made during the 2020 election, "protecting all assets," was trampled under Powell's feet; the belief in "institutional grouping" has also been hit hard, and even the "lying flat belief" no longer exists. It can even be said that this statement directly ended all investors' fantasies about the 2024 bull market.

The most important thing is that Powell once again reiterated his attitude towards Bitcoin. He said, "We do not require changes to the law," which shows that the Fed does not want to bear the risks of Bitcoin investors. You can play if you want, but don't pass the risks to us. This is Powell's truest idea. #USUAL持续飙升 #灰度SUI信托基金