The Powell-led Federal Reserve has been the most open-minded Fed that we've ever seen in history.
They cut rates at historic paces.
They raised rates at historic paces.
They've normalized rates at a calculated pace.
They/he deserve criticisms, but Powell is the GOAT.

BESSENT ON FED: HOPE THAT THEY WILL HAVE AN OPEN MIND

*Walter Bloomberg

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

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