The trend of Bitcoin is influenced by the Federal Reserve's monetary policy, and attention must also be paid to Trump's policies, as they may lead to unexpected changes.
Regarding whether the Trump administration reserves Bitcoin, Federal Reserve Chairman Powell stated that the Federal Reserve has no intention of holding Bitcoin and is also not permitted to do so by regulations. He also mentioned that the decision to hold Bitcoin lies with Congress, and the Federal Reserve has no intention of promoting related legal changes.
Although Powell's words are firm, there is no need for excessive worry; the overall upward trend of Bitcoin still exists. The current main trend is monetary easing, and the impact of the U.S. elections has not yet fully revealed itself. The market still hopes that Trump will fulfill his promises made at the Bitcoin conference. I believe that a truly strong market may emerge in the first quarter of 2025, specifically during the period from January 20 to February 20, after Trump's inauguration.
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