Although there is no interest rate cut, it still cannot change the trend of Bitcoin. The Americans were still stubborn in July, insisting on holding on, and the longer they hold on, the higher the interest rates will be cut later, causing Bitcoin to rise more rapidly in advance. Bitcoin has broken the previous high and reached 99,000, and it's obvious that a new journey is about to begin!

Summary of Powell's speech: #美联储FOMC会议

1. The main cause of inflation is not the labor market, but tariffs. I can't control what Trump decides; I only judge whether to cut interest rates based on Trump's decisions.

2. How low does the employment rate need to be for an interest rate cut? I will look at the actual situation in the future to measure inflation and employment, determining which goal is further away to make a decision, and how long it will take to achieve those goals!

3. Before the negotiations are finalized, it's hard for me to make a decision. Since you haven't reached a result, I can't assess the actual impact on inflation, so I don't know.

After all that, it feels like I've just performed Tai Chi and can't come up with a single fart! It seems that the road to cutting interest rates is still long and arduous!