When Federal Reserve Chairman Powell clearly stated that 'the Federal Reserve has no intention of participating in any government plan to hoard Bitcoin,' the cryptocurrency community instantly felt a chill, and the price of Bitcoin plummeted. But the question arises—can Powell really stop Trump from establishing a Bitcoin strategic reserve through the Treasury?
The answer may surprise you: He cannot stop it!
The contest between the Federal Reserve and the Treasury: Who is really the 'manipulator' of Bitcoin reserves?
According to authoritative analysis, although the Federal Reserve is 'firm' in its monetary policy, it has no 'veto power' over decisions regarding Bitcoin strategic reserves. Why? Because this matter is likely to bypass the Federal Reserve and be directly managed by the Treasury!
Through a presidential executive order, the Treasury can use the Exchange Stabilization Fund (ESF) to purchase Bitcoin without needing prior approval from Congress. This path is fast, accurate, and decisive, but it also faces a problem: the new government can overturn this policy at any time, raising questions about stability.
To truly legitimize the Bitcoin strategic reserve, it must go through congressional legislation, such as the (U.S. Bitcoin Strategic Reserve Act) proposed by Senator Cynthia Lummis. This path is more stable but procedurally complex and fraught with obstacles.
Bitcoin reserves: Are they a gimmick or an opportunity?
Powell's remarks have not only raised doubts about the prospects of BSR (Bitcoin Strategic Reserve) but have also revealed a deeper truth: the game between traditional finance and the crypto market has only just begun.
Just after Powell's speech, on-chain data showed that the Trump family's crypto projects have begun to position themselves in altcoins! The clash between traditional power and market innovation is more dramatic than you might think.
How can leeks seize the next wave of opportunities?
What does this 'storm' surrounding Bitcoin strategic reserves mean for us ordinary investors?
Emerging assets are impacting traditional financial barriers: this is an unavoidable major trend, and it is more important to focus on the overall direction of Bitcoin and the crypto market.
The tug of war between policy and the market creates volatility: short-term market sentiment may be unstable, but the 'hard demand' driven by policy could be the catalyst for the next bull market.
Want to quickly gain insights into market trends and grasp policy directions? Mlion.ai has organized relevant questions for you (for more inquiries, visit mlion.ai). Simply put, Mlion.ai is an AI research assistant in the Web3 vertical field that many veterans rely on every day. It not only sorts through complex news in the cryptocurrency world but also provides unique market analysis. Additionally, its ML SWAP feature supports cross-chain exchange operations for BTC, offering a smooth and worry-free experience, making it an excellent tool for bottom-fishing in bear markets and arbitraging in bull markets!
Conclusion: The revolution has not yet succeeded, betting must be cautious
Whether it's Trump's executive order or Congress's legislative process, the path to establishing a Bitcoin strategic reserve is destined to be full of twists and turns. But regardless of the final outcome, this signifies that crypto assets are entering an era of collision with national strategies.
What will the future hold? Perhaps no one can give you a definitive answer. But one thing is certain: learning and positioning in advance is the most prudent choice when facing market turbulence.
For more exclusive analysis and information, remember to follow me! The storm in the cryptocurrency world has just begun. 🌊
The above content is for information sharing only and does not constitute any investment advice!#美国加密立法或将重启 #2025加密趋势预测 #加密市场调整
