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Jerome Powell Has Shaken Up the Markets, But the Trend of Bitcoin Adaptation and Accumulation Isn’t Over Yet
- Jerome Powell’s concerns about the 2025 economic numbers shook the markets, causing US markets to lose almost $1.5T and Bitcoin to fall below $99K.
- Despite this, Bitcoin’s global adoption and buy-in is still holding up amidst concerns.
- EU politicians have expressed support for the creation of national Bitcoin reserves as a counter to non-democratic inflationary institutions like the IMF.
- Major investment funds like BlackRock and Microstrategy continue to accumulate Bitcoin in spite of market fluctuations.
- Jerome Powell’s speech did not indicate any plans for the FED to hold Bitcoin, but Congress may authorize the creation of a US Bitcoin reserve.
- Interest rates will likely remain higher than expected, which has shaken up markets, but the Bitcoin market fluctuation is not always determined by interest rates.
- Bitcoin investors still have unrealized gains of $1.3T, but the market is absorbing sales and strong pressure from long-term holders who are locking in gains.
- Bitcoin could fall to $93K or $85K, but there is no indication that such a move would signal a break in the bull market.
- The future of the bull cycle will likely be determined by the Biden administration’s crypto initiatives.
- It is too early to say if the bull cycle is over, but rather the cycle could continue with policy stimulus.
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