💥Shock! Powell doesn't buy Bitcoin, but quietly opened the green light for the crypto world? $BTC
Family, there is big news in the crypto world recently! Federal Reserve Chairman Powell clearly stated that the Federal Reserve has no authority to hold Bitcoin, so it will not participate in any government-led "accumulation of Bitcoin" plans. Once this news came out, many people felt that Bitcoin was doomed. After all, everyone understands the influence of the Federal Reserve in the financial world, and Powell's words sound unfriendly towards Bitcoin.
But things are not that simple. Powell also stated that the Federal Reserve is responsible for regulating and supervising banks, and hopes that the interaction between the cryptocurrency industry and banks will not threaten the health of the banking system. When you think about it, isn’t this a bit intriguing? Although he doesn't buy Bitcoin, he didn't completely dismiss the entire crypto world, but seems to be opening the green light 🚥 for the interaction between the crypto world and the traditional financial system.
It's worth noting that previously, Trump proposed to promote the establishment of a "Bitcoin strategic reserve" by the federal government after taking office, which excited the crypto world and caused Bitcoin prices to soar. Now, although Powell says the Federal Reserve does not participate in accumulation, his attitude towards the interaction between the crypto world and banks might bring new development opportunities to the crypto world.
From another perspective, Federal Reserve officials have mostly been skeptical of cryptocurrencies before, and the "digital dollar" plan has also been shelved. Powell's remarks this time can be seen as a softening of attitude. Perhaps in the future, the crypto world and traditional finance can find a more harmonious way to coexist, and cryptocurrencies will have a clearer position in the economic system. What do you think, babies? Do you think the crypto world will usher in major changes soon? Let's chat in the comments section 👇
