Powell: The Federal Reserve Has No Intention to Hold Bitcoin

Powell's commitment to a "hawkish" interest rate cut stance has triggered a significant drop in assets! Powell: The Federal Reserve has no intention to hold Bitcoin, gold has fallen below 2600, and the S&P has recorded its largest single-day drop since 2001 due to interest rate cuts, with Bitcoin experiencing a 4% drop during the day;

Currently, there is ongoing debate about whether the soon-to-be-installed Trump administration will establish a Bitcoin reserve. Powell stated that the Federal Reserve has no intention to hold Bitcoin. In a press conference following the FOMC meeting, Powell said: "We are not allowed to hold Bitcoin." Regarding the legal issues of holding Bitcoin, Powell remarked, "This is something for Congress to consider, but we have no intention of seeking to change the law.

Whitney Watson from Goldman Sachs Asset Management expects the Federal Reserve to skip one interest rate cut in January next year and then restart its easing policy in March. The "new bond king" Gundlach stated that if energy prices rise significantly, we may not see the Federal Reserve cut interest rates until 2025. He anticipates sideways fluctuations for both gold and Bitcoin in the short term.

Old Trump woke up to find all his long positions liquidated! Don’t worry, brothers, take it slow, old Powell will be out of office next month, it might just be temporary! Right now, definitely do not open long positions blindly. #加密市场回调 #超级央行周