Powell has given in! The Fed has personally issued a "Anti-Inflation Pass" for Bitcoin.

Inflation is fiercer than a tiger, and the Fed has finally shown its fangs.
Powell just dropped a bombshell: the Fed has officially abandoned the moderate strategy of "flexible inflation targeting" from 2020, directly acknowledging that inflation is not temporary and that rising tariffs have already hit the wallets of ordinary people!
"Abandoning the flexible average inflation target" = Previously, the Fed allowed inflation to temporarily exceed 2% without rushing to raise interest rates, but that is no longer the case!
"The impact of tariffs is clearly visible" = The tariffs imposed by Trump and Biden ultimately fell on American consumers, and prices will have to rise!
This round of operations is equivalent to the Fed tearing up the script of "boiling frogs in warm water". The pace of interest rate hikes may be more aggressive in the future (even if there is an economic recession, it must be endured).
For the crypto world, the short term is bearish (interest rate hike expectations strengthen → dollar strengthens → risk assets under pressure), but the long term is actually bullish— as long as inflation persists, the narrative of Bitcoin as "digital gold" will always have a market!
Last year, the US imposed a 100% tariff on Chinese electric vehicles. Now, a tape measure is selling for $5.99 at Walmart (up from $2.99 three years ago). What should ordinary people do? Either endure it or buy Bitcoin to hedge against fiat currency devaluation.
If the Fed raises interest rates two more times this year, would you choose to bottom fish BTC or go all in on cash? #加密市场反弹