$BTC

Bitcoin (BTC) may move sharply today. It could rise to USD 100,000 if Jerome Powell is more lenient in his stances than expected, or it could drop to USD 90,000 if the tone is harsher than the market wants to hear.

Powell, as we know, has a way of influencing markets beyond what official statements dictate. Bitcoin could plummet today as a result of the speech; the essence remains unchanged: Bitcoin is a scarce, decentralized store of value, resistant to political manipulation and increasingly adopted by individuals, businesses, and governments.

Its maximum supply remains 21 million. Its network continues to operate 24/7 without anyone's permission. And its reason for being remains intact: to be hard money in a soft world.