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JEROME POWELL SPEECH ABOUT BITCOIN Federal Reserve Chair Jerome Powell recently addressed the topic of Bitcoin during a press conference on December 18, 2024. He stated that the Federal Reserve is prohibited from holding Bitcoin and has no plans to seek legislative changes to alter this restriction. Powell emphasized that any legal modifications regarding the Fed's ability to hold Bitcoin would be a matter for Congress to consider. These comments were made in response to discussions about President-elect Donald Trump's proposal to establish a U.S. Bitcoin Strategic Reserve. Trump suggested that this reserve could initially be funded using Bitcoin seized from criminal activities, amounting to approximately 200,000 tokens worth about $21 billion at current prices. Following Powell's remarks, the value of Bitcoin experienced a decline. Prior to his statement, Bitcoin had been trading around $103,700 but dropped to as low as $100,241 shortly after. Additionally, Republican Senator Cynthia Lummis has introduced legislation proposing the creation of a Bitcoin reserve, with potential funding involving Treasury debt and Federal Reserve resources. The Federal Reserve has consistently expressed skepticism about cryptocurrencies, focusing on concerns related to their stability and implications for consumer and banking sector safety.
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THE BULLRUN IS JUST STARTING. THIS IS A REMINDER THAT THE BULLRUN IS FAR FROM OVER. HISTORICALLY, BITCOIN MOVES IN A RANGE AND THE BULLRUN IS 1001 DAYS FROM BOTTOM TO PEAK. IF THE SAME TIMEFRAME KICKS IN, WE CAN EXPECT THE NEXT ATH IN 287 DAYS (WEEK 4 OF SEP 2025). AFTER THAT, WE CAN EXPECT 406 DAYS OF CONTINUOUS SELLING. $BTC $XRP $ETH
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$PEPE PUMPED HARD $SHIB PUMPED HARD $BONK PUMPED HARD $PNUT PUMPED HARD $DOGE PUMPED HARD $FLOKI PUMPED HARD WHICH MEMECOIN _____WILL BE THE NEXT TO EXPLODE ?
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2025 is our year fam Some targets for my favourite coins - $ETH 12500$ - $SOL 2000$ - $INJ 250$ - $ARB 30$ - $FET 20$ - $XRP 10$ - $FTM 5$ - $DOGE 5$ - $VET 1$ - $FLOKI 0.005$ SCREEN IT!!!
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Befor i change my mind Drop your Solana Address I do Giveaway But you must follow me and like this post
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