#PowellRemarks
The Fed and Bitcoin: A New Era of Stability?.
Bitcoin and its stability are increasingly linked to the Fed and global liquidity, despite its decentralized nature.
The crypto universe, that whirlwind of emotions and data, always has an eye on an actor that, at first glance, seems foreign to its decentralized principles: the Federal Reserve of the United States (Fed). Yes, that influential institution that dictates the course of the dollar, that fiat currency that many in the Bitcoin ecosystem dream of leaving behind. But reality is persistent, and the market, that animal with a thousand heads, always seeks to anticipate the Fed's decisions. The question that hangs in the air is whether we are witnessing a new era where the stability, or at least the reaction, of Bitcoin is increasingly tied to what happens in the halls of Washington.
The market, that collective and sometimes irrational entity, thrives on anticipation. It is a sort of seer with access to algorithms and complex analyses, trying to guess what the Fed will do before it does. In most cases, the initial reaction to the Fed's announcements is a direct response to that prior expectation. Will rates go up? Will they be maintained? Will they go down? Generally, the market has already been "pricing in" that scenario in the prices.