So I don't know why this announcement hasn't moved markets yet. Maybe it just hasn't digested into the market at the time of this writing, but that seems unlikely. Maybe people don't yet understand the implications, which is highly likely. But those in-the-know have been waiting on this announcement for quite some time.
Fag Chairman, I mean fed Chairman Jerome Powell brought his happy ass on TV and made a speech admitting the Fed would be actively looking at CBDCs. Although the fed has come out with papers on the subject, this is the first time the cabal has made their intentions so publicly public.
The idiot makes the old assumptions that crypto isn't a good payment system because of volatility. He also fudded any financial system outside of the fed, basically calling defi unsafe. Whatever. What's unsafe is you pieces of shit having any more control than you already have, Jerome.
I'm sure you'll have jackoffs like Meet Kevin and Graham Stephan bringing a vomit-inducing mainstream perspective to the majority of working people. Based on their analysis of crypto, these guys will feed a completely wrongheaded view of CBDCs to the public. It remains to be seen whether this misinformation will serve as a good thing for the crypto markets. After all, if the fed and Graham Cracker are able to convince the public crypto = bad, CBDCs = good, the use case for crypto goes out the window for mainstreamers.
I think it is a good sign for the crypto markets that the market didn't tank more on news of the announcement, but maybe it's too early to tell. After the Wyckoff crash this week, the market is definitely in a precarious position. Not a position it hasn't been in before during a bull market, but that's market psychology, isn't it? It is an absolute mandate that the market make as many people look dumb as possible if we are going to follow the 4 year halving cycle of previous years. It absolutely must look like we're not going to follow it if we are to follow it. This is the breaking point right now.
If people don't really digest the full implications of the fed's announcement or the market just shrugs it off, that's really bullish for crypto. Do your part and educate people on the bad things the fed could do with CBDCs and overregulated crypto. More than anything, realize that regulators do not have the power to dictate a properly decentralized market. Even if you can't stop the issuance of fed based CBDCs, we can create a system that is completely outside of it that must be respected.
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