Powell: We are not allowed to own Bitcoin, and we do not want to change the law!

Please note: The Federal Reserve is a private company and is not part of the U.S. government.
Powell is obviously intentional, and there may be three possible reasons
1. Before stepping down, I want to hoard some coins myself.
2, Trump's instructions, after smashing the market, the United States purchases at a low price
3, I don't want the data of the Federal Reserve to look good before stepping down and lowering interest rates.
It may also be all three, no explanation, those who understand, understand!
Trump's accession to power will definitely urge the Federal Reserve to accelerate interest rate cuts in various ways, which is also widely regarded as the main reason for the positive impact on the cryptocurrency industry when Trump was elected.
Anyway, this rate cut has really landed. This is good news. Let's see how Comrade Trump performs after he takes office on January 20th.
The total balance of BTC on major exchanges worldwide has dropped from 2.72 million coins at the beginning of the year to 2.24 million coins, and has continued to decline significantly in the past two months. Currently, the remaining balance in exchange wallets accounts for only 11.3% of the total circulation of 19.8 million coins. Cherish the chips in your hands!
The continuous new high of BTC also confirms the expectation of the Fed's interest rate cut, from 100,000 to 107,000, and now the exchange rate has fallen back to 100,000! The speculative index of altcoins has also fallen from a previous high of 90 to around 60. The current market situation is that the bloodsucking effect of BTC is very strong. According to the historical interest rate cut market, the price will first rise before the interest rate cut, and then rise crazily after the interest rate cut. Based on this, the price of BTC is not far from 110,000, and it may reach 150,000 if the market goes crazy. After all, the pusher of BTC now is determined by listed companies and large institutions. For example, the CEO of MicroStrategy spent $1.5 billion yesterday to buy 15,350 BTC at an average price of $100,386. This is also one of the reasons for the independent bloodsucking trend of BTC in the past two days. Every time an institution buys BTC in large quantities, it will usher in a period of bloodsucking trend. Many institutions, including listed companies, dare to buy at this level, and even take a series of operations to raise their average price, which proves that they believe that BTC at $100,000 is just the beginning.
After talking about Bitcoin, let's take a look at Ethereum. The day before yesterday, it broke through 4107, reaching a new high for the year, and then quickly retraced to 3600 to wash out the leverage! However, ETH/BTC is still below 0.038, and the altcoins want to rotate. This indicator can also be used as a reference for trading pairs. It is quite obvious this week that the turnover period of ETH has passed, and the ETF continues to have a net inflow. In other words, Wall Street's money has been continuously flowing in, and the old hands in the native coin circle have almost finished selling. I am very bullish on Ethereum breaking to new highs. The best strategy at the moment is to hold on and not move. In a one-sided bull market acceleration, holding on is better than any other strategy. The outbreak of altcoins will also come quickly. When Bitcoin rises, Ethereum rises, and when Ethereum rises, altcoins rise. That's the order. Don't underestimate the current sluggishness of altcoins; they will rise quickly when lifted. So hold onto your value chips and don't get washed out at the last moment!
Personally, I believe that the market will continue to fluctuate and rise. The bull market will soon enter the fast lane, so fasten your seatbelts and get ready for takeoff. #CryptocurrencyMarketConsolidation