Sense

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 ! 🤓🤓🤓

Hodler exploring web3. Solana airdrop farmer, bitcoin solo miner, Helium network miner, and Medium blogger. 🎭🎭🎭

Powell always has a strategy to buy bitcoins at low prices🤣💰

Lol….BlackRock probably influenced him to make that statement so they could buy cheaper ! 😅🙌💰