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虾币币的比特世界
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The major market decline is primarily due to news, as Federal Reserve Chairman Powell stated that the Fed has no intention of holding Bitcoin. The market has overinterpreted this. To understand American institutions, the Federal Reserve itself is the institution that issues and manages the dollar; the dollar, interest rates, and U.S. Treasury bonds are the main objects managed by the Fed. Historically, it has never held any physical assets, nor has it held gold.
As for reserve assets, that is a matter at the national level, it is the Treasury's concern, and it has nothing to do with the Federal Reserve. Powell is right; if it’s not their business, why should they take it on? If the Federal Reserve could decide to hold Bitcoin as a reserve, they could just as easily decide to hold quality real estate the next day, and that would be chaotic. The adjustments of BTC and BNB have provided a good opportunity to buy in the latter half of the bull market.
As for reserve assets, that is a matter at the national level, it is the Treasury's concern, and it has nothing to do with the Federal Reserve. Powell is right; if it’s not their business, why should they take it on? If the Federal Reserve could decide to hold Bitcoin as a reserve, they could just as easily decide to hold quality real estate the next day, and that would be chaotic. The adjustments of BTC and BNB have provided a good opportunity to buy in the latter half of the bull market.
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