Powell Shuts Down Rumors: “The Fed Will Not Buy Bitcoin”
#BitcoinPolicy #JeromePowell #CryptoClarified #Salma6422 #BinanceSquare
🧊 “We neither own nor seek the legal power to acquire Bitcoin.”
— Federal Reserve Chair Jerome Powell
At a recent hearing, Fed Chair Jerome Powell officially ended speculation about the central bank adding Bitcoin to its balance sheet.
His message? Crystal clear. The Fed is not buying Bitcoin — not now, and likely not ever.
🧠 Why It Matters
In the midst of rising BTC prices and global debt concerns, rumors had begun circulating across crypto Twitter suggesting the Fed might consider Bitcoin as a strategic reserve asset.
But Powell’s statement kills that narrative:
The Federal Reserve lacks legal authority to hold cryptocurrencies
Bitcoin is not considered a monetary instrument or hedge under current frameworks
The Fed continues to treat BTC as a speculative asset, not a financial reserve
🧩 Market Implications
Bullish pause: BTC rallied regardless of Powell’s stance, signaling market maturity
Regulatory clarity: Expect more precise rules around who can legally hold crypto at an institutional level
The Fed’s resistance contrasts sharply with BRICS nations accumulating BTC and gold
🧠 What Powell Didn’t Say
He didn’t shut down crypto entirely. In fact:
He acknowledged that Bitcoin has value to investors
He highlighted the growing role of stablecoin regulation, not banning
He affirmed the U.S. dollar’s reserve dominance but remained open to digital innovation
🔥 Final Word:
“The Fed won’t buy BTC. But it no longer dismisses it.”
While the Fed stays sidelined, institutions, hedge funds, and countries aren’t waiting.
