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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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Viktoria 🎩🔵🎭Ⓜ️
@vito4ka.eth
Here comes the negative news! The correction was inevitable - the markets are reacting to Powell's statement, and the Christmas holidays are still ahead, which traditionally bring their own volatility😉
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Steve Ⓜ️
@stevebeachy
Your not only very pretty, your smart as well ! 😉 It just upset me because I felt that Jerome was leaving people under the impression that he is the gatekeeper, for whether the US does, or does not, stockpile bitcoin, and it’s not in his power. 😅
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