FED Chair Jerome Powell just dropped a clear line today.
Bitcoin is a competitor to gold.
Not the US dollar.
This tells you three things.
• Bitcoin already earned a place in global assets
• Institutions see it as a store of value, not a threat to currency
• Long term demand gets stronger when the top regulator frames it this way
You watch the market shift in real time.
You see how fast the narrative changes when the people in power speak.
BTCUSDT
Perp
90,152.4
-1.90%
