Cryptocurrency issue belong directly to Elon Musk and Donald Trump for their lack of clarity so far; they mention the topic briefly and then ignore it for years. Thanks
Even Elon Musk and Trump are somewhat unclear and hesitant about cryptocurrency status .
Investidor Matuto
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šØ Powell slams Bitcoin! š„
šŗšø Fed Chairman Jerome Powell made statements that shook global markets: 1ļøā£ No Bitcoin as a reserve: the Fed ruled out adopting BTC as an official asset. 2ļøā£ Interest rate cuts? Only twice in 2025, frustrating expectations of 3 cuts. 3ļøā£ Persistent inflation: Powell said it could take up to 2 years to reach the 2% target, and there is a risk of a new rise in 2025. š Market impact: Bitcoin reacted negatively, falling below critical levels due to risk aversion. The S&P 500 and more traditional assets also experienced volatility.
The crypto market, which expected a more optimistic scenario with aggressive cuts, saw profit-taking by investors.
š Opportunity or warning sign? As the Fed takes a more cautious tone, the market may adjust its bets. Is Bitcoin's inflation hedge narrative in check? š¬ And you, do you think this drop is just a scare or a new trend? š#Bitcoin#Powell#Investments#Cryptocurrencies#FinancialMarket#Economy#Interest#Inflation
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