If you’ve been watching Bitcoin, you probably saw the pullback yesterday. It fell from $108,000 to $99,000 after the FOMC meeting, where the Fed cut rates, and Jerome PowellThe Fed Chair, when asked about the strategic bitcoin reserve, said: “We are not allowed to own Bitcoin and are not looking for a change in the law,”. The market, as usual, overreacted by dumping Bitcoin. But I tell you: this dip? There is nothing to worry about.
First of all, no one should have been surprised by Jerome Powell’s comments. The Fed doesn’t control Bitcoin policy—Congress does. David Bailey, BTC Inc. CEO of Also pointed it outStating that the strategic bitcoin reserve will have “Nothing To do with the Fed. It will be held in the Treasury.” So, Powell’s comments are irrelevant when it comes to a strategic Bitcoin reserve for the United States. The market needed an excuse to cool down after the recent explosive run.
And honestly, that kind of decline is healthy—especially in a bull market. This is not my first rodeo. I’ve been through three Bitcoin bull markets since I got back in 2016, and trust me, these pullbacks are completely normal, and they’re part of the process. They shake weak hands, strengthen support, and set the stage for even bigger moves. From my experience, we have just entered this bull market, and the real fireworks aren’t coming until 2025.
Think about it: Trump hasn’t even taken office yet. His administration is likely to push pro-Bitcoin and crypto regulations, and coupled with growing institutional and global adoption could be huge for the space next year.
So, do not panic. Don’t let short-term noise distract you from the long-term game. Instead, use these pullbacks to your advantage. I personally prepare for dips, stacking sets, and more.
This article is a take. The views expressed are solely those of the author and do not necessarily reflect the views of BTC Inc or Bitcoin Magazine.
