Bitcoin has come so far under strict regulation and even legal prohibitions, and no one can change the upward trend of Bitcoin!
Powell is making headlines, saying "banks can serve cryptocurrency investors," and many believe Powell has shifted his stance, beginning to support the new government's and Trump's cryptocurrency policies.
In fact, Powell has always been paying attention to cryptocurrencies, especially Bitcoin. He views Bitcoin as a competitor to gold and does not see Bitcoin in opposition to the US dollar.
He has consistently emphasized the regulation of cryptocurrencies, which is his responsibility. However, Bitcoin has come so far under strict regulation and even legal prohibitions, that whether regulations are relaxed or strengthened, it will not change the upward trend of Bitcoin!
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