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Last night, Old Bao's speech at Harvard didn't directly mention cryptocurrencies, but he emphasized that policy needs to be flexible and data-driven. The market is quite sensitive to U.S. policies, and his comments have sparked some speculation.
Many believe this hints that liquidity won't be as loose and that tightening could be on the horizon. This is not good news for Bitcoin, as it dampens the upward momentum.
In the short term, Bitcoin's price is likely to be suppressed, with potential volatility or even declines. So, for those of us paying attention to Bitcoin trends, we need to closely monitor related policy developments and adjust our strategies accordingly. Don't operate blindly. #BTC