#BTC After this decline, I found that the IQ gap between people is like a chasm.

Yesterday, Powell said that the Fed will not hold Bitcoin. A large group of people started to analyze and interpret it crazily, saying that this is definitely the main reason for the recent decline. It made me laugh 🙃.
First, the Federal Reserve does not have the authority to purchase Bitcoin reserves. It is just a currency management institution, and the law does not support its purchase. Bitcoin is not a legal currency. Second, there are many people in the world who are not interested in Bitcoin. Have you been kneeling for a long time and looking for approval everywhere? How many years has gold been around, and there are still people unwilling to buy it. When everyone is entering Bitcoin, there will be less excitement in the market. Third, one of the reasons for this decline may be that the expected interest rate cut for the next 25 years has been reduced from 4 times to 2 times. Moreover, this decline is not primarily due to willingness, but more because both the US stock market and Bitcoin have risen too much before and need to decline. It is just that simple!!!!