The Federal Reserve is extremely cautious about cryptocurrencies due to their decentralized nature, lack of comprehensive regulation, and volatility. A move by the Fed to accumulate Bitcoin could be seen as an official endorsement, which goes against its current neutral stance on digital assets.

Statements by economic leaders such as Powell have a huge influence on the markets. It is possible that this statement was designed to keep the price of cryptocurrencies in check, preventing speculative bubbles. $BTC 😇🫠😇🫠😇😗😚😗😚😊🙃😊😘