💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
The Federal Reserve (FED) may not rush to rescue the market, follow if BTC 74500 can hold up? 🙏
The editor glanced at the market in the morning and fainted, and just woke up now.
What everyone is hoping for now is for The Federal Reserve (FED) or Trump to step in and provide support. But this may not come so soon.
There is an opinion that Trump is currently intentionally creating chaos in the stock market to strike at the old-money forces of the Democratic Party, creating more space for his subsequent operations.
Bloomberg's chief U.S. economist Anna Wong believes that this time the Federal Reserve (FED) will not act so quickly. There are several reasons for this:
Market expectations are too optimistic: everyone thinks that The Federal Reserve (FED) will cut interest rates 5 times, but the FED is actually still observing and feels it is too early to act now.
Worried about a repeat of 2022: If inflation rises again, The Federal Reserve (FED) is afraid of being criticized for inaction, so it would rather let the market decline first than rush to save it.
Wall Street's inflation forecast is on the high side: many major banks predict that the PCE will rise to 4-5%, and the Federal Reserve (FED) is more hesitant to act rashly after seeing this.
Data lag: The decline in employment will only become apparent in the third and fourth quarters, but the data on inflation rebound will come out faster. The Federal Reserve (FED) will wait for "hard data" confirmation to feel at ease.
Powell wants to make his mark: He hopes to be regarded like the "inflation terminator" Volcker of the past and does not want to easily turn dovish.
Historical reference: It is now more like the 70s and 80s, at that time The Federal Reserve (FED) also waited until the economy was very bad and inflation had been suppressed before lowering interest rates.
What does everyone think the market will do next? The editor suggests watching more and acting less, and it's not too late to take action after the K-line ends the bearish arrangement.