U.S. Federal Reserve Chairman Jerome Powell has officially confirmed that the central bank does not own #bitcoin — and has no intention or authority to buy it in the future.

What Did Powell Say?

Speaking during a recent monetary policy discussion, Chairman Jerome Powell stated:

“We do not own Bitcoin. We are not authorized to own Bitcoin. And we are not seeking such authority.”

This statement clearly outlines the Fed’s institutional boundaries when it comes to crypto assets like $BTC . Unlike ETFs or gold reserves, Bitcoin is not part of the Fed’s mandate under U.S. law.

What Does It Mean for Crypto?

Here’s the context:

  • The Fed manages the U.S. dollar, interest rates, and monetary stability.

  • It holds traditional assets like U.S. Treasuries and mortgage-backed securities.

  • Bitcoin does not fit into any of these categories.

Even if the Fed wanted to add BTC to its balance sheet, it would require explicit legal approval from Congress — which is currently not under consideration.

No Institutional Buy-In (For Now)

This announcement puts to rest speculation that the Fed could accumulate Bitcoin as a hedge against inflation or global monetary shifts.

However, other U.S. entities like:

  • BlackRock

  • Fidelity

  • U.S.-approved Bitcoin ETFs

...are already making waves in institutional adoption.

The Fed’s neutrality should not be mistaken for anti-Bitcoin sentiment — but rather a legal boundary the institution operates within.

Crypto Market Takeaway

This isn’t bearish news — it’s a realistic reaffirmation of how the monetary system is structured today.

Bitcoin’s rise is being driven by:

  • Spot ETF inflows

  • Global adoption

  • Halving cycle narratives

  • Layer-2 and institutional infrastructure

The Fed sitting out doesn’t slow down crypto’s momentum — it clarifies the landscape for informed investors.

Final Thought

Bitcoin doesn’t need the Fed’s endorsement to thrive.

The decentralized nature of BTC is exactly why it appeals to millions — including those who don’t trust central banks.

This announcement simply means:
No BTC on the Fed’s books. The rest is up to the free market.

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