US Federal Bank President Jerome Powell’s Bitcoin $97,520.54The change observed in his attitude towards his attitude has increased the market interest. On this situation, Binance founder Changpeng Zhao positively evaluated Powell’s improvement in the approach. In contrast to Powell’s previous negative attitude, it is stated that it analogy under its digital existence and that this approach was carefully examined by investors.
Powell’s new approach
Powell drew attention to the speculative nature of Bitcoin in an interview during the famous New York Times Dealbook summit. In his statement, Bitcoin said that it was “used as a speculative being by people” and that it could be considered as a similar, only virtual ”. These statements have caused different interpretations in the general market.
Jerome Powell: “People use BTC as a speculative being; It’s like gold, but virtual. “
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CZ’s evaluation
Changpeng Zhao shared this positive statement of Powell and said that there was a development from the previous negative attitude. According to his statement in his social media post, such an approach can positively affect market dynamics. In addition, other initiatives of the CZ in recent years continue to attract investors’ attention.
Changpeng Zhao: “Optimism in Powell’s approach to BTC shows the development of the previous attitude.”
Market and economic developments
In the United States, consumer and manufacturer price index data were observed higher than expected, while market risk assets were fluctuated. The fact that rising inflation and interest rate reductions are made are among the issues that are carefully followed in the digital asset market.
In the light of current economic data, investors are curious about the performance of digital assets while evaluating market risks. Although market recovery signals, investors continue to be cautious about future mobility.
The economic indicators and international developments followed by the market can shape the course of digital assets in the future. Investors are trying to shape their decisions by closely following possible changes that may arise from these developments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
