On December 18 at 3 PM EST (December 19 at 3 AM), Powell solemnly announced on the stage of a press conference: "The Federal Reserve is not allowed to hold Bitcoin, and we have no intention of changing the relevant laws."

What was intended to be a serious official statement turned out to be somewhat ridiculous due to Powell's wording and timing. The market reacted immediately, and onlookers couldn't help but chuckle to themselves.

After all, Old Powell's words hint at a contradictory obsession: a person who claims to be "insulated" from Bitcoin is so fixated on emphasizing his distance from it. This near "don't mind me" attitude resembles a child trying to get attention.

"The Midnight Thunder"

As soon as the press conference ended, Bitcoin dropped sharply, plunging nearly 5% within an hour. Some market analysts joked, "It seems Powell's statement is even more efficient than Bitcoin miners."

Meanwhile, social media is flooded with jokes and sarcasm:

  • A netizen wrote: "Is Powell afraid that one day he might secretly buy Bitcoin and get caught? This statement sounds like a precautionary measure."

  • Another commenter said: "Thanks to Powell for this price drop; I can finally scoop up some cheap coins!"

Powell's secret dream?

Despite Powell's repeated emphasis on "never touching Bitcoin," rumors abound. Sources say that Powell may not be completely ignorant of cryptocurrencies. Some even speculate that he might have a metal commemorative coin engraved with "BTC" hidden at home, which he takes out daily to ponder why it drives the world so mad.

Whether these rumors are true or false, Powell's apparent "indifference" to Bitcoin raises the question: If he truly disregards Bitcoin, why does he always emphasize its importance? Is it simply because he can't have it?

Consequences and Reflections

After the press conference, the financial markets were in an uproar. While Bitcoin fell, many investors viewed it as a good buying opportunity. Some even joked, "The more Powell suppresses, the stronger Bitcoin gets."

Just hours after the press conference, a parody video quickly spread online. In the video, Powell was edited to appear as a miner wielding a giant hammer, furiously striking the words "decentralization" on the computer screen, with a voiceover saying: "I’m not a miner, I don’t like Bitcoin at all!"

This dramatic "Powell speech" not only failed to shake Bitcoin's status but also became a hot topic of discussion. Perhaps his statement was more like an absurd play, a rare comedic performance in the modern financial world.

In the future, when Bitcoin's price rises again, people may thank Powell for providing a rare "buying opportunity." His name may well become a footnote in Bitcoin's history—someone who tried to distance himself from Bitcoin but inadvertently became its promoter.