Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, I will talk about the "BITCOIN and DOLLAR $ war" that started you.
Is Bitcoin the catalyst I mentioned in my previous article? as a continuation of the subject ...
Those who ruled the world finance started a war on Bitcoin. While doing this, they act very slyly. The statements that started with Gary Gensler and now the statements of the head of the US central bank Fed, Jerome Powell, shook the markets.
Who is Jerome Powell?
Jerome H. Powelltook office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.
What did Jerome Powell, the head of the US central bank Fed say…?
He stated that they expect a temporary increase in inflation with the reopening and recovery of the economy. This could put some pressure on prices, he said. Powell also said the Fed will keep short-term interest rates close to zero and will maintain its monthly bond purchase program until it sees not only a low unemployment rate but an inclusive improvement in employment.
What happened next…?
US 10-year bond yields and DXY moved upwards, while Bitcoin and other cryptocurrencies fell.
By doing this, both Gary Gensler and Jerome Powell sought to show that they are in control of the economy. So they tried to show how risky it is to invest in Bitcoin and cryptocurrencies. They have also been successful in this for now.
The investor, worried about cryptocurrencies, turned to bonds and dollars.
To scare financial institutions that buy and / or want to buy cryptocurrency and to make them invest in bonds ...
Thus, an effort to extend the existing system for another ten years ...
This effort is a futile dream ...
Why are we interested in blockchain technology? Because decentralized…? So that my assets and information are under my control ...
But what is being done… Two people are making a statement, the cryptocurrency markets are turning into a bloodbath…
This is unfair ...
The current financial order is coming to an end.
Let's not leave King Bitcoin and his soldiers alone with other cryptocurrencies ...
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…