#鲍威尔发言 Due to the lack of specific details regarding Federal Reserve Chairman Jerome Powell's remarks on April 17, 2025, the following analysis is based on the provided information, relevant posts on platform X, and typical impact patterns of Powell's recent remarks on the cryptocurrency market, combined with the context of Meta Planet's Bitcoin accumulation for speculative analysis.
### Background and key points of the remarks
According to posts on platform X, Powell's remarks on April 17 may involve the following key points:
1. **Positive evaluation of digital currencies and stablecoins**: Powell mentioned that digital currencies are gradually becoming mainstream and is optimistic about the development potential of stablecoins. He also expressed support for establishing a legal framework for stablecoins and acknowledged the possibility of banks servicing cryptocurrencies, which the market interpreted as a potential boon for the cryptocurrency industry.
2. **Monetary policy stance**: Powell emphasized that the possibility of interest rate cuts in the short term is low, mainly due to persistent inflation pressures and the potential for Trump's new tariff policies to further increase inflation. He clearly stated that the Federal Reserve will maintain policy independence and attribute inflation to external factors such as tariffs.
3. **Market impact expectations**: Posts on X show that Powell's remarks sparked heated market discussions, with some investors believing that his positive evaluation of cryptocurrencies could temporarily boost market confidence, especially under expectations of regulatory easing. However, his cautious stance on interest rate cuts may put pressure on risk assets such as cryptocurrencies.
### Analysis of the impact on the cryptocurrency market
#### 1. Short-term market response
- **Positive impact**:
- **Positive expectations for regulatory easing**: Powell's recognition of stablecoins and banks' involvement in cryptocurrencies is interpreted by the market as a signal that the U.S. may relax its regulatory environment for cryptocurrencies. Such remarks may enhance investors' confidence in Bitcoin and other mainstream cryptocurrencies, especially in the context of institutions like Meta Planet continuing to accumulate Bitcoin, showing institutional optimism about Bitcoin's long-term value.
- **Boosting market sentiment**: Posts on X show that Powell's remarks were widely shared by some cryptocurrency influencers and media, especially the statement that "banks could service cryptocurrencies," which sparked optimistic sentiment. This may drive Bitcoin prices to rise slightly in the short term, particularly given Powell's previous positioning of Bitcoin as "digital gold" rather than a competitor to the dollar, further reinforcing Bitcoin's legitimacy as an asset.
- **Background of Meta Planet's accumulation**: Meta Planet recently increased its Bitcoin holdings (holding 4,525 as of April), and its strategy echoes Powell's indirect recognition of Bitcoin as an anti-inflation asset, potentially further attracting other institutional investors to follow suit, thus boosting market demand.
- **Negative pressure**:
- **Reduced expectations for interest rate cuts**: Powell clearly stated that he does not intend to cut interest rates in the short term, which puts pressure on risk assets (including cryptocurrencies). Historical data shows that the Federal Reserve's maintenance of high interest rates or delays in cutting rates usually leads to price pressures on high-volatility assets like Bitcoin, as investors may turn to safer assets.
- **Tariff-induced inflation concerns**: Powell attributed market declines and inflation pressures to Trump's tariff policies, which may exacerbate market concerns about economic uncertainty. According to his remarks on April 4, Powell indicated that tariffs could lead to a temporary or sustained increase in inflation, potentially dampening investor interest in risk assets.
- **Market performance speculation**: Based on posts on X and historical patterns, the cryptocurrency market may experience short-term volatility following Powell's remarks. Bitcoin prices may rise slightly due to positive regulatory expectations, but the rise may be limited due to weakened expectations of interest rate cuts and macroeconomic uncertainty. Other mainstream cryptocurrencies (such as Ethereum, Solana) may show differentiated performance, and stablecoin-related projects may gain more attention due to Powell's positive evaluations.
#### 2. Long-term effects
- **Positive outlook for regulatory framework**: Powell's support for a legal framework for stablecoins and banks' involvement in cryptocurrencies may lay the foundation for the long-term development of the U.S. cryptocurrency industry. A clear regulatory environment will attract more institutional investors into the market, promoting mainstreaming and stability. Meta Planet's accumulation strategy (planning to hold 21,000 Bitcoins by the end of 2026) indicates institutional confidence in this trend, which may further solidify Bitcoin's status as a store of value.
- **Bitcoin as an anti-inflation asset**: Powell previously likened Bitcoin to "digital gold," and with Meta Planet's aggressive accumulation, it has strengthened the market perception of Bitcoin as a hedge against inflation and fiat currency devaluation. Under the expectation of tariffs pushing inflation higher, the long-term demand for Bitcoin may continue to grow.
- **Macroeconomic challenges**: However, the Federal Reserve's maintenance of high interest rates and inflation pressures may limit the long-term upward space for the cryptocurrency market. According to his remarks on April 4, the Federal Reserve faces a dilemma of "high inflation and high unemployment risk," which may lead to increased market volatility and impact cryptocurrency performance.
#### 3. Correlational effects of Meta Planet's Bitcoin accumulation
Meta Planet's Bitcoin accumulation strategy has a certain correlation with Powell's remarks:
- **Strengthened institutional confidence**: Powell's positive evaluation of cryptocurrencies may enhance the confidence of institutions like Meta Planet, driving their accelerated accumulation plans. This may attract more companies to follow suit, creating a "corporate Bitcoin holding trend," further pushing up Bitcoin prices.
- **Market demonstration effect**: Meta Planet is hailed as "Asia's MicroStrategy," and its accumulation behavior may trigger greater interest in Bitcoin in the Asian market, especially in the context of Powell's remarks providing legitimacy for cryptocurrencies.
- **Price support**: Meta Planet's continued purchases (latest acquisition of 319 Bitcoins, total holding of 4,525) provide bottom support for Bitcoin prices. Even if Powell's cautious remarks about interest rate cuts suppress prices in the short term, institutional accumulation may limit the downside space.
### Summary
Powell's remarks on April 17 had a dual effect on the cryptocurrency market:
- **Short-term**: The recognition of stablecoins and banks' involvement in cryptocurrency boosts market confidence, potentially driving Bitcoin and other mainstream cryptocurrencies to rise slightly, especially against the backdrop of Meta Planet's accumulation. However, expectations of reduced interest rate cuts and inflation concerns triggered by tariffs may limit the extent of the rise, and the market may exhibit high volatility.
- **Long-term**: Supportive comments on regulatory frameworks may lay the groundwork for the mainstreaming of the cryptocurrency industry. Combined with the accumulation by institutions like Meta Planet, it may solidify Bitcoin's position as an anti-inflation asset. However, the Federal Reserve's high interest rate policies and macroeconomic uncertainties remain potential risks.
**Advice**: Investors should closely monitor subsequent Federal Reserve meetings (especially the May FOMC meeting) and the actual impact of Trump's tariff policies, while also paying attention to the accumulation dynamics of institutions like Meta Planet. In the short term, attention can be given to stablecoin-related projects, while in the long term, Bitcoin's store of value potential looks promising, but macroeconomic risks should be guarded against.