Federal Reserve Chairman Jerome Powell warned that long-term interest rates are likely to remain high amid changing economic conditions and new challenges in monetary policy. In his speech at the Thomas Laubach Research Conference in Washington DC on Thursday (May 15, 2025), Powell stated that the global economy is now facing the risk of more frequent and potentially longer-lasting 'supply shocks.' This poses a significant challenge for central banks in maintaining economic stability. Although he did not directly mention the tariff policies of U.S. President Donald Trump, Powell previously stated that tariffs could slow growth and push inflation, although the impact is still difficult to measure. Furthermore, Trump recently postponed the implementation of new tariffs for 90 days for further negotiations. The possibility of reaching $110,000 is very high because, based on Glassnode data, the Realized Cap of Bitcoin— a metric that measures the total value of BTC based on the last price at which coins changed hands—has increased by $30 billion since April 20. Currently, the Realized Cap stands at $900 billion or approximately IDR 14,850 trillion, growing three percent just in May.