sms on Nostr: Jerome Powell’s statement that the Federal Reserve cannot hold #Bitcoin and has no ...
Jerome Powell’s statement that the Federal Reserve cannot hold #Bitcoin and has no plans to advocate for legal changes doesn’t mean a strategic #BTC reserve is off the table, it just means the game isn’t fully in play yet.
The Fed is restricted to holding U.S. Treasury securities and other government-backed financial instruments to meet its monetary policy goals.
Right now, #Bitcoin isn’t part of that club.
But here’s the thing:
Even if the Fed can’t directly hold #BTC, other government agencies, institutions, or even states could step up to the plate.
As global adoption grows, laggard financial systems won’t just evolve, they’ll be forced to sprint to keep up.
The writing’s on the wall:
THE FED IS DEAD. #BTC IS THE FUTURE. AND THE FUTURE IS NOW.
The Fed is restricted to holding U.S. Treasury securities and other government-backed financial instruments to meet its monetary policy goals.
Right now, #Bitcoin isn’t part of that club.
But here’s the thing:
Even if the Fed can’t directly hold #BTC, other government agencies, institutions, or even states could step up to the plate.
As global adoption grows, laggard financial systems won’t just evolve, they’ll be forced to sprint to keep up.
The writing’s on the wall:
THE FED IS DEAD. #BTC IS THE FUTURE. AND THE FUTURE IS NOW.