The Fed's attitude suddenly changed. Is BTC going to take off or is it a high-level trap?
Recently, two bigwigs of the Federal Reserve, Michelle Bowman and Christopher Waller, suddenly showed unprecedented "enthusiasm" for cryptocurrencies. In their speech on February 7, they said that regulation should promote financial innovation, rather than kill it with one stick. Waller even said that stablecoins can expand the global influence of the US dollar.
This 180-degree turn in attitude, is it that the Federal Reserve has finally come to its senses? Or are they also starting to FOMO (fear of missing out)?
Looking at the market again, BTC's recent performance is also quite interesting. As of now, the price of Bitcoin is about US$97,632, with a daily high of US$98,350 and a low of US$96,027. Although the increase is not large, it has stabilized its position.
ETH is not to be outdone. The current price is around US$2,676.88, with a daily high of US$2,712.81 and a low of US$2,599.14. It seems that Ethereum's leeks are also gearing up.
So, the question is, can the Fed's "warm wind" heat up the crypto market? As an old leek who has been working in the cryptocurrency circle for many years, my opinion is: in the short term, the market may see a small climax due to the favorable policy expectations. But don't forget that it will take time for the policy to be implemented and implemented, and the volatility of the market still exists.
Operational suggestions:
1. Stay rational and don't blindly chase high prices. Favorable policies do not mean that the market will definitely rise, so be careful not to be trapped.
2. Pay attention to policy dynamics and adjust strategies in time. The Fed's attitude change is worth paying attention to, but it is also necessary to prevent policy repetition.
3. Don't always chase hot coins. BTC and junk coins must be configured in a certain proportion. At present, BTC will gradually develop into risk-resistant assets, and junk will always be junk.
In general, the Fed's attitude change has brought a touch of warmth to the crypto market, but as investors, we need calmness and rationality. After all, a day in the cryptocurrency circle is a year in the human world, and no one knows what will happen tomorrow. #比特币国家战略储备