Fed Won’t Hold Bitcoin or Push for Strategic Reserve, says Jerome Powell

Jerome Powell confirmed the Federal Reserve cannot hold Bitcoin, leaving the decision to Congress. Though some lawmakers and President elect Trump support a U.S. Bitcoin reserve. Powell’s comments caused Bitcoin to drop 5.7%, with other major cryptos also losing value, and the stock market reacted negatively. Powell Says No to U.S. Bitcoin Reserve Jerome Powell […] source: https://www.cryptopolitan.com/fed-wont-hold-bitcoin/