Fed Targeting Crypto?? This Will SHOCK YOU!! ๐Ÿ˜ฑ



๐Ÿ“ฒ Insider Info in my Socials ๐Ÿ‘‰ https://guy.coinbureau.com/socials/
๐Ÿ›’ Get The Hottest Crypto Deals ๐Ÿ‘‰ https://guy.coinbureau.com/deals/
๐Ÿ‘• โ€œKeep Calm Hodlโ€ Shirt ๐Ÿ‘‰ https://store.coinbureau.com/product/keep-calm-black-t-shirt/
๐Ÿ”ฅ TOP Crypto TIPS In My Newsletter ๐Ÿ‘‰ https://guy.coinbureau.com/signup/

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

๐Ÿ“บ Useful Vids ๐Ÿ“บ

CBDCs ๐Ÿ‘‰ https://www.youtube.com/watch?v=fEifsVxio6Q
BIS Report ๐Ÿ‘‰ https://www.youtube.com/watch?v=WnJbISKcsZU
Greatest Ponzi Ever ๐Ÿ‘‰ https://www.youtube.com/watch?v=L_f6R0DHNH0
Cashless World ๐Ÿ‘‰ https://www.youtube.com/watch?v=2Y2EBQxYUok

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

โ€“ TIMESTAMPS โ€“
0:00 Intro
2:20 Why The Fed is Powerful
5:12 Who is Jerome Powell?
7:23 2018 โ€“ 2019: Hands off
10:48 2020: Pandemic & CBDCs
14:16 2021: Things Get Heated
18:39 Latest Developments
20:21: Things Get Heated
20:50 Conclusion

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

โ›“๏ธ ๐Ÿ”— Useful Links ๐Ÿ”— โ›“๏ธ

Fed Paper: https://www.federalreserve.gov/econres/notes/feds-notes/comparing-means-of-payment-what-role-for-a-central-bank-digital-currency-20200813.htm
Lael Brainard Speech: https://www.federalreserve.gov/newsevents/speech/brainard20200813a.htm
BIS Panel Discussion: https://www.theblockcrypto.com/post/81652/fed-chair-powell-cbdc-improvements
Powell Speech on CBDCs: https://www.federalreserve.gov/newsevents/pressreleases/other20210520b.htm
Yellen Moving on Stablecoins: https://www.reuters.com/technology/yellen-says-us-must-move-quickly-establish-stablecoin-rule-framework-2021-07-19/
Powell Tackling Stables: https://apnews.com/article/technology-financial-markets-bitcoin-jerome-powell-6b591f422def1565bdd62131f2a87c57
60 Minutes Interview: https://www.cbsnews.com/news/federal-reserve-jerome-powell-60-minutes-2021-04-11/
Hedge Funds Facial Recognition: https://www.marketwatch.com/story/hedge-funds-are-studying-jerome-powells-facial-expressions-to-predict-interest-rates-2018-03-22

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

๐Ÿค” Why Fed Important ๐Ÿค”

The Fed is tasked with shaping monetary policy which impacts the amount of liquidity in the system. It is this monetary policy that affects everything from interest rates to growth, employment and inflation.

What the Fed does with Monetary policy can effectively determine which direction the economy goes.
Knowing what the Fed thinks about crypto can help you determine whethere there will be any regulations and other enforcement.

๐Ÿ—“ Powell in The Early Days ๐Ÿ—“

Jerome Powell is the first non-economist as Fed chairman in over 40 years. Jerome was elected as Fed chair back in 2017 during Trumpโ€™s first year in office.

We have some indications of his early views on crypto. In a speech that he made at the Economic club of New York in 2017 Powell said that he had nothing against Bitcoin. He also said that they were cautious on any sort of CBDC.

๐Ÿ—“ 2018-2019 Thinking Evolves ๐Ÿ—“

In a congressional session in 2018, Jerome unloaded on cryptocurrency. He claimed that most of those that were buying cryptocurrencies were doing so in an expectation of an increase in price. Moreover, he had consumer concerns with crypto.

However, he did seem to have a more positive view about blockchain technology more broadly which shows that he was thinking about the tech early on.

๐Ÿ—“ 2020 Pandemic & CBDCs ๐Ÿ—“

As 2020 rolled around, the world was in a relatively stable state. The stock market was near all time highs, economic growth was strong and the Fed was no doubt enjoying the relative calm.

Of course, the Pandemic through all of that off track and the Fed had to respond with unprecedented money printing.

However, the Fed still talked about Crypto. There was a paper that was released in August that talked about it. This was released on the same day that Lael Brainard was giving a speech on crypto risks

It was also revealed that the Fed was busy working with researchers from MIT on a potential stablecoin implementation.

Powell was also involved in a BIS panel discussion last year where he talked about the risks that are involved with cryptocurrency and the benefits that come from a state issued CBDC.

๐Ÿ—“ 2021 Things Get Serious ๐Ÿ—“

In Feb, Jerome was back in Congress talking about cryptocurrencies. On CBDCs he said: โ€˜This is something weโ€™re investing time and labor in, across the Federal Reserve systemโ€™

In the summit he also talked about how Bitcoin could be seen as an alternative to Gold.

He also took massive issue with private sector cryptocurrencies and stablecoins like Diem etc.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

๐Ÿ“œ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #Fed #Stablecoins #Powell #crypto #CBDC

source

Check Also

TOP New Crypto Launchpads | Fantom, Cardano, Enjin, Polygon

Participating in successful crypto launchpads can be your ticket to winning an IDO lottery in …

20 comments

  1. What do you guys think about the Fed's intentions? Do you think that we could see a digital dollar soon? Keen to hear your thoughts! Don't forget that you can follow me on my other social channels for all the content that you are not getting here ๐Ÿ‘‰ https://guy.coinbureau.com/socials/

  2. You provide everyone with incredible content and valuable insights, to me in South Africa this is marvellous. Thank you again for serving the community of Crypto-nites!

  3. Alex Starrett

    gotta get into Regulation friendly Crypto. Hbar, LINK, and StrongNode are gonna be massive in 2022

  4. Don't be so quick to bless a Federal Reserve CBDC. It's quite conceivable that such a FedCoin would be accompanied by regulations requiring KYC-style verification, at least for U.S. citizens; and that, needless to say, would be highly undesirable from the private citizen perspective.

  5. Simon Collins

    For the first time in over hundred years we're not dependent on the central banks for money issuance.
    This is the democratization of money.
    The Central Banks aren't going to give up their monopoly's and their power and privilege over the rest of us withou a fight

  6. Keyblade Viking - Tobias

    give me control of the money and i care not who makes the laws
    ๐Ÿ˜‰

  7. So if US does a digital dollar, how does Bitcoin survive? Can it be itโ€™s own asset class? I guess I canโ€™t reconcile how the digital dollar doesnโ€™t make Bitcoin irrelevant? Why would they allow for other cryptos and the digital dollar to BOTH be out there?

  8. Do somebody don't know how money comes/crated? You loan money from the bank, the bank sends a check to the federal bank (it is more difficult than I write here) Federal reserves crates money and sends that money to your bank and a bank loan to your money. Actually, banks say they loan you and must pay. So here is a big secret. Federal reverse has an unlimited bank account, but who owns that account? The truth is all people own that who is in that system (You only need a passport to be in the system). Actually, you own that unlimited bank account. That is how money comes into the system. Everyone believes that they print money, no they are not printing also not adding money into the system. Actually, people crate it themselves. Unbelievable?

  9. Tony Buchanan

    The USA political corruption is second to none. American politicians will be motivated by self interest in keeping power for themselves. Crypto is becoming too big of threat to them and their failed policies and their failed monetary system. Whatever they do it will not translate into anything good for the American people

  10. Lol that disclaimer

  11. all presidents of the last 100 years are puppets of the Fed. if you don't play along, you do the JFK

  12. I did not get this, are they in or out (for or against to the crypto fact?)

  13. Robert Bindler

    Thanks excellent one thing is missing ยซย the chinese digital currencyย ยป because this is the real concern crypto market is peanuts โ€ฆ will the Chinese overplay the US$ in crypto in international exchanges the answer is YES so the $ CBDC is coming in 22

  14. Karen Carswell

    is it better to manage your own crypto? are there trustworthy firms that manage crypto investments

  15. I am a new comer and have 13 dollars, where should I invest

  16. Chris Taylor

    The Fed can try to regulate all they want. The rest of the world has moved on, and their power has already been given itโ€™s notice. Dead Man Walking! They all really are a bunch of fossils. Fun watching them squirm.

  17. Unfortunately, I'm sure governments of most countries who are looking to impose their own CBDCs will get their media to flood their readers with propaganda in favour of CBDCs and against the "dangerous and unregulated" private crypto currencies. Then, of course they'll have the power to manipulate the currency as they do now with FIAT, but to a much greater degree.

  18. so you are saying "sell all crypto currency" b/c govt will outlaw holding other crypto, tightly regulate exchanges and ban defi. I guess you may be right

  19. A centralized digital fiat completley misses the entire point of crypto… CBDC is less threatening to crypto than crypto is to the FED

  20. Ron Paul tried to wake people up to the evil of the Federal Reserve. Best candidate I've seen in my lifetime. That's how you know the GOP is controlled opposition. They chose MITT ROMNEY over a patriot like Ron Paul.

Leave a Reply

Your email address will not be published. Required fields are marked *