Is Powell's Gold Content Still Rising?

Previously, the United States had hinted at the possibility of including Bitcoin as a reserve asset, which sparked widespread attention and discussion among various countries. However, in the recent interest rate cut meeting, Powell made hawkish statements, clearly stating that Bitcoin would not be considered a reserve asset. This move has led to numerous speculations, with some believing that Powell is deliberately challenging Trump to increase his visibility; others think this is merely a strategic coordination between the two, swapping roles of good cop and bad cop.

Powell's recent actions have undoubtedly brought a significant impact on Japan and Russia. As an ally of the United States, Japan has indicated that it will temporarily adopt a wait-and-see approach, deciding after observing the actions of other countries. Meanwhile, Russia has been frequently reaching out to the United States, especially vocal during the election period; this may be due to being troubled by dollar hegemony and eager to find a breakthrough.

Currently, whether it is Russia, Japan, or other countries, they are all influenced by Powell's statements and seem somewhat indecisive. The global cryptocurrency market is closely watching all of this, as everyone is waiting to see whether Trump will fulfill his previous promises after taking office. It can be said that Powell's remarks have plunged the entire cryptocurrency market and even the world into anticipation and speculation. #BTC☀