Fed Chair Powell: ‘We’re not allowed to own bitcoin’ #shorts
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Bitcoin is a pyramid scheme. Trump will make a fortune off it, take off for Saudi Arabia, and leave his MAGA faithful to deal with the resulting financial meltdown.
But you changed the law before.
No. FED can’t change laws.
But laws that affect FED have been changed.
He didn’t answer the question
@@doctorh2005 he literally said they’re not looking for a law change for the fed to own bitcoins. Wasn’t that definitive enough for you?
Their job is not to look for a law change lol
He said nothing.
@@vizfin6223 I’m not as smart as you so regardless of current laws can you tell me if he sees value in the usa government holding a reserve. He stated the status quo but I still don’t know if he sees value or benefit.
People , bitcoin is not a currency. Its not an equity. And its not backed by any capital value or by a government. Let us argue what it actually is or isn’t
It’s actually backed by a network of security for secure transactions, that’s like saying when Facebook started it was worth nothing and always be worth nothing because you use it on a website online. Your bank does the same thing bitcoin does, except they charge you for more than just the processing and the money you hold in dollars is worth less and less every day if interest rates aren’t above inflation.
@@vinnythekid4106 oh boy really?
@@niblysribly
Arguing what bitcoin is backed by is like saying what gold is backed by…
Bitcoin is the backing itself 😂
It’s a commodity with an actually capped supply and has a base intrinsic value of whatever the cost of production of the average miner is.
@@mrh4368 nah lol its worth nothing you should never buy it no matter how high it gets, 1$ for a coin in the air that I can’t touch, then $10,, then $1,000 about 3 or 4 years in, then less than $100 in 2014, then up to 20,000 DOLLARS 3/4 years later, down to $6,600 in 2019, then above 68,000 DOLLARS toward the end of 2020, down to $18,000 in 2022, good thing you didn’t buy it at any of those points in the last DECADE, otherwise you would have made some money. Bro end of the day, I don’t care if you buy it or not, I was just trying to explain that it is in part a currency and part of a currency is being able to transact it securely, without works of duplication or falsification. Things like limited supply, and etc. but it has a couple of big weaknesses that I wont go further in explaining since you don’t really care.
@@awseko4732 try paying your taxes in it
Make it illegal and it’s worth nothing.
End of story.
They can’t make it illegal and attempting to do so might actually make it more valuable. What’s a crime is what they’ve already done to the dollar and the American taxpayer…stop acting like these idiots are your friends
@ you know the internet can get “shut off” yeah ?? You get that?? If it’s illegal, it’s jail or worse = worthless. Fake currency isn’t an addictive narcotic which would retain its value. It’s 💩. I hope you profit along the way while you can.😇
@@rmp1111 If they make bitcoin legit, the Dollar is going to loose even more of its value.
You know the internet can get turned off, yeah?? You get that? No electricity = no bit coin.
Bitcoin will be created on the computer as easily as they print fiat currency on paper. No hard backing or value to neither.
The Fed’s rate cuts have not directly translated to lower mortgage rates.
Instead, mortgage rates have risen as investors anticipate future rate hikes and bond yields increase.
What????!!!!!
Scary ass dude
Trump will fire you.
But bro I have 100,000,000 shiba inu coins. What u mean? just get it to a penny man, thats all I need
Dont worry, we will get there.
He wont answer
He cringed and the passed the hot potato to Trump & Congress.
When he says we cannot own btc, he means the federal reserve not the us govt…
The fed is who has to buy it
But peoples are loading bitcoins in truck . Be aware
Bearish
Knows exactly wat he’s doing. Guarantee they buy. Do the opposite
So the federal reserve has no plan to buy Bitcoin or any other crypto….ok….it doesn’t matter if a debt drowning country can or wants to buy it….that’s all i needed to hear I’m selling all my crypto
Don’t give up your Bitcoin
DUMP DUMP DUMP!!!!! Sold everything at the top looking to buy back low🤑🤑🤑🤑 sell all your crypto so i can buy more low 😈😈😈😈😈😈😈😈😈😈😈
oof if i owned btc i would be scared now.
The .25 cut is as useless as he is
He gonna start looking for a new job soon