NEWSLETTER
The president of the Federal Reserve (Fed), Jerome Powell, said that the United States will not implement a CBDC (Central Bank digital) while in charge.
crypto's defenders exhaled in relief.
President Trump is also strongly against CBDC: at the end of January, he prohibited the development of the “digital dollar.”
Ultimately, this gives bitcoin ($ btc) and Altcoins another four years (at least) to mature and obtain conventional adoption.
Why the United States does not need a digital dollar
Trump's Strengthen US leadership in digital financial technology The order indicates that the digital dollar would threaten the privacy of citizens, and this is difficult to argue.
Some think that this puts the United States behind China, which has already launched the Yuan Digital and the EU, which is now busy testing the digital euro.
But many governments worldwide seem to share Trump's position. Reuters report It reveals that almost a third of the central banks have stopped their CBDC efforts, although 67% have not changed their plans.
During yesterday semiannual testimonyPowell stressed that the Fed focuses on maximizing employment and stabilizing prices instead of creating a CBDC.
After four years of investigation of the matter, the Fed did not find convincing reasons to change digital money. In addition, it is expensive, complex and intrusive.
Sec outc in?
Powell now fulfills his second term as president of the Fed. Initially, Trump appointed Powell in 2017 and, despite the disagreements in the cuts of interest rates, Joe Biden again appointed him in 2021.
Powell's current term will end in May 2026, but can legally serve until 2031, assuming that he maintains the president's favor.
To top it off, Trump's choice for leadership of the Basic Products Future Commission (CFTC) is Brian Quintenz, a well -known cryptography defender.
Quintenz already served a term during Trump's first presidency and it is unlikely that he disputes the boss's orders. Its scholarship is particularly beneficial for the industry now that Trump plans to transfer the cryptographic overweight of the hostile sec to CFTC.
Will bitcoin reach $ 250K? $ Btcbull is positive
A temporal prohibition of CBDC and the open support of the government for cryptography could lead to adoption to unprecedented heights.
The effect would be more pronounced in bitcoin ($ btc), OG cryptocurrency.
Analysts have been establishing ambitious objectives for $ btc in 2025, some of up to $ 250k.
Although $ btc has been struggling to break over $ 100K lately, the situation could soon change as the Bulls Paw The Ground anticipate a new demonstration.
But $ btc Hodlers will not be the only ones to generate mass returns when this happens. bitcoin Bull ($ BTCBull) celebrates the price milestones of $ 150k, $ 200k and $ 250k with $ btc Airdrops for your community.
<img data-recalc-dims="1" decoding="async" class="aligncenter wp-image-393591" src="https://bitcoinist.com/wp-content/uploads/2025/02/Screenshot-2025-02-11-at-10-50-38-btc-Bull-Token-The-Best-crypto-Presale-For-bitcoin-Bulls.png?w=634&resize=700%2C464″ alt=”bitcoin Bull Altcoin presale” width=”700″ height=”464″ srcset=”https://bitcoinist.com/wp-content/uploads/2025/02/Screenshot-2025-02-11-at-10-50-38-btc-Bull-Token-The-Best-crypto-Presale-For-bitcoin-Bulls.png?w=939 939w, https://bitcoinist.com/wp-content/uploads/2025/02/Screenshot-2025-02-11-at-10-50-38-btc-Bull-Token-The-Best-crypto-Presale-For-bitcoin-Bulls.png?w=634 634w, https://bitcoinist.com/wp-content/uploads/2025/02/Screenshot-2025-02-11-at-10-50-38-btc-Bull-Token-The-Best-crypto-Presale-For-bitcoin-Bulls.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2025/02/Screenshot-2025-02-11-at-10-50-38-btc-Bull-Token-The-Best-crypto-Presale-For-bitcoin-Bulls.png?w=750 750w” sizes=”(max-width: 700px) 100vw, 700px”/>
The project was associated with the best wallet application to make Airdrops without problems. If you have $ BTCBull in the best wallet, you will receive $ btc directly to your account. Otherwise, you can claim your rewards through the bitcoin Bull website.
In addition, $ BTCBull intends to burn a part of the circulating token supply when $ btc reaches $ 125K, $ 175K and $ 225K to increase its value through shortage.
The presale began two days ago and has already raised almost $ 860k in funds. A $ BTCBull now costs $ 0.002355: this is the lowest possible entry point in the project. The next price increase will happen in three days.
In addition to being one of the most promising meme coins, it is the only one that attracts bitcoin maximalists, since you can enjoy $ btc and $ BTCBull profits.
Isn't there CBDC? No problem
With the CBDC out of the table for at least the coming years, we are looking for a very favorable configuration for the cryptography market.
After all, the CBDC go against the spirit of cryptography, so the community can continue to build without Uncle Sam trying to steal the show.
This means that $ btc could finally break over $ 100K, and $ BTCBull has been launched just in time for Toro's new race, which makes it among the best presale to invest.
That said, even without CBDC, market volatility does not go anywhere. Remember Dyor and diversify your portfolio to compensate for potential losses.
