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Jerome Powell does not look good
Here's an interesting video that was brought to my attention early this morning that I think is worthwhile sharing with you freaks; a body language analysis of Fed Chairman Powell when asked about his thoughts on cryptocurrency. Dude seems pretty uncomfortable if you ask Uncle Marty. On top of that, he seems to have fallen into the trap of expecting that Bitcoin, if it is to be successful, will be everything it can be in the future out of the box. Saying that he's not particularly worried about cryptocurrency in the short-term due to the volatile nature of the nascent digital money and saying that he'd prefer to talk about it outside of the hearing.
If we're going strictly off body language and posturing via verbal language, it seems as though this is a topic that irks Chairman Powell. A topic that lingers in the back of his mind as he attempts to traverse the seas of a failing monetary policy.
I, for one, am happy to see this makes him uncomfortable. It means Bitcoin is on to something.
"Square, the payments unicorn led by bitcoin believer Jack Dorsey, reported earnings for the fourth quarter Wednesday evening...In total, the firm sold over $166 million worth of bitcoin in 2018 and $52.5 million this quarter."https://t.co/ug3Yvsna4R pic.twitter.com/axrcmER3y1
— Matt Odell (@matt_odell) February 28, 2019
Final thought...
San Francisco sunrises are pretty nectar.