Powell: I don't hoard Bitcoin, but I don't oppose your hoarding?
Powell's latest statement: I won't buy Bitcoin, nor will I participate in 'strategic hoarding of cryptocurrencies'. Once this was said, many interpreted it as bearish.
But the second sentence he said is more crucial — he hopes the connection between the crypto space and the banking industry does not threaten the stability of the financial system.
In simple terms: I won't buy, but you can play, as long as you don't cause trouble.
Don't forget, a certain old man previously stated he wanted the federal government to hoard Bitcoin, now Powell appears to be hitting the brakes, but in reality, it might be a signal to allow.
This wave of Bitcoin may not be cooling down, but rather building momentum.
