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Steve Ⓜ️
@stevebeachy
There are a lot of people freaking out right now about Jerome Powell’s statement on Wednesday and the market is reacting. 🤨 "We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change," Powell said. "That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed." Jerome Powell ⚠️⚠️⚠️ Do not be confused ! A lot of people took this to mean that there will not be a bitcoin strategic reserve ! ⚠️⚠️⚠️ The funding for the strategic reserve would not come from the Federal Reserve but instead would come from the US Treasury. The Treasury’s core responsibility is to safeguard the nation’s financial stability, fund government operations and foster economic growth. Mr Powell can regulate interest rates as needed , but can not stop the bitcoin strategic reserve ! 🤓🤓🤓
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Inga
@girl-ua
Hello dear Steve, thanks for interesting cast, the market has already reacted negatively, but I hope next week the market will recover ☀️ ❤️
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Steve Ⓜ️
@stevebeachy
Hello dear Inga, @vito4ka.eth made a good point that the market was beginning to get overheated , which is true. Jerome's words just triggered the avalanche. 😂
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