This shift in sentiment followed the Fed’s interest rate cut, a move many thought would support riskier assets like cryptocurrencies. Instead, Powell’s comments introduced doubt, reminding markets of the challenges ahead for Bitcoin’s integration into national strategies.
This does not mean the reserve will never materialize though – it only suggests more hurdles and a longer timeline ahead. And Bitcoin has proven its resilience over the years, with or without institutional support.
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This shift in sentiment followed the Fed’s interest rate cut, a move many thought would support riskier assets like cryptocurrencies. Instead, Powell’s comments introduced doubt, reminding markets of the challenges ahead for Bitcoin’s integration into national strategies.
This does not mean the reserve will never materialize though – it only suggests more hurdles and a longer timeline ahead. And Bitcoin has proven its resilience over the years, with or without institutional support.