2024: Powell expresses confidence in bringing inflation back to the 2% target, suggesting potential policy adjustments, interpreted by the market as a signal for interest rate cuts. As a result, Bitcoin surged over 5% from around $60,000 before the speech, briefly reaching a high of $64,955.
2023: Powell emphasized readiness to continue raising interest rates until inflation moves towards the 2% target, with his hawkish comments causing increased volatility in Bitcoin. At that time, Bitcoin was hovering around $26,000, and after the remarks, the price exhibited sideways fluctuation, with a strong atmosphere of market caution.
2022: He made strong hawkish statements, clearly stating that strict monetary policy measures would be implemented to combat inflation. The price of Bitcoin plummeted significantly, even experiencing a halving, with analyses suggesting that the speech triggered a 29% crash in Bitcoin, which took 5 months to gradually recover.
2021: Powell stated that it was appropriate to begin tapering asset purchases that year, but that tapering did not signal interest rate hikes, reflecting a dovish stance. Bitcoin and others subsequently rose, gaining 1% within an hour and breaking above the $48,000 mark.
2020: Powell announced a new monetary policy framework, allowing inflation to exceed the target for a certain period to promote employment. Bitcoin initially surged to around $11,580, with some retail investors taking the opportunity to realize profits, and its price quickly fell back to around $11,120.
Focus on this Friday, as this meeting will soon determine the direction of the market.
Strong recovery, assets doubling! Follow the rain, layout in advance, and easily reap substantial profits.
Continuous attention: BIO MDT
