Will Federal Reserve Chairman Jerome Powell's speech trigger a drop in Bitcoin? Recently, Federal Reserve Chairman Jerome Powell made it clear that the Federal Reserve does not allow holding Bitcoin, and the Federal Reserve itself has no intention of holding any Bitcoin. He also pointed out that this issue should be decided by Congress, not the Federal Reserve.

Powell's statement may have already impacted the Bitcoin market, leading to a significant drop in Bitcoin prices. This indicates concerns in the market about the future ownership of Bitcoin.

According to current laws, the Federal Reserve is not allowed to hold Bitcoin. The composition of the Federal Reserve's balance sheet must adhere to the existing legal framework, and Bitcoin is not included.

As an executive body, the Federal Reserve must comply with the laws established by Congress. Therefore, regarding the question of whether to hold Bitcoin, the Federal Reserve believes it should be decided by Congress.

From this information, we can see that the Federal Reserve's position on the Bitcoin issue is clear: it does not hold Bitcoin and leaves this question to Congress.

The Federal Reserve is the central bank of the United States, primarily responsible for formulating monetary policy, supervising banks, and maintaining financial stability. However, it is just a private company and not part of the U.S. government.

These remarks before Christmas may also affect the market trend.

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