I recently noticed that many crypto traders don’t really pay attention to what the Fed Chair says. And that’s a mistake, because it directly affects биток and the entire altcoin season.

Powell is essentially one of the most influential people in financial markets. When he speaks at a press conference, the markets react. His comments about inflation, about interest rates—everything reflects on the U.S. dollar exchange rate, on bonds, and yes, on cryptocurrencies too.

I remember that in May 2020, the price of биток surged sharply after his speech about the state of the economy after COVID. Like that—one person speaks, and the market responds. It’s not a coincidence.

Powell joined the Fed back in 2012, and then in 2018, he was appointed as its chair. Since then, his decisions have been shaping the U.S. monetary policy, which means they affect the entire global financial sector. Banks, stocks, crypto—everything is connected.

Lately, under Powell’s leadership, the Fed has been actively studying the idea of a central bank digital currency, CBDC. This is a very interesting thing for the crypto space, because it could either help the development of blockchain or create competition. Powell himself has said that all major central banks are now digging deep into this topic.

For those who trade crypto, it’s important to catch every word Powell says about regulating digital assets and about how the Fed views the future of money. His stance on CBDC and on cryptocurrencies in general could seriously influence the next cycle. So if you want to understand where the market is headed—watch what Powell and his team are doing.