Powell Lags Behind Saylor in Evaluation, according to Analyst's Assessment

In a recent shareholder vote, Meta Platforms (formerly Facebook) rejected a proposal to change laws and acquire Bitcoin, despite Bitcoin evangelist Pierre Rochard considering such a decision sensible. This decision comes as Michael Saylor's Strategy, a company co-founded by Saylor, holds the world's largest amount of Bitcoin (636,505 BTC).

Strategies' preferred stock, STRC, is backed by Bitcoin reserves, and its balance sheet has grown by approximately 580% due to its Bitcoin exposure. Pierre Rochard, a Bitcoin advocate, has praised Strategy's treasury reserve strategy, likening it to "full reserve banking" due to its vast Bitcoin holdings. However, the Federal Reserve, which operates a fractional reserve system, has not adopted a similar strategy.

Rochard argues that the Federal Reserve should hold Bitcoin to reduce risk and potentially increase returns, a suggestion that has not been adopted by the Federal Reserve. The interest rate the Fed pays on reserves or Treasuries currently stands at 4.5%, significantly lower than Strategy's recently increased STRC dividend of 10%.

Despite Rochard's suggestions, Federal Reserve Chair Jerome Powell previously rejected the idea of the Federal Reserve owning Bitcoin due to legal restrictions. The U.S. government has moved to establish a strategic Bitcoin reserve, but the Federal Reserve itself has not expressed interest in holding Bitcoin.

It's worth noting that there is no mention of any cryptocurrencies being stolen from old wallets with quantum technology in this report. Nor are there any specific claims or facts about Shiba Inu (SHIB), Bitcoin (BTC), Ethereum (ETH), or Ripple's XRP in this article. There is also no mention of any predictions about Shiba Inu (SHIB) or Bitcoin (BTC) in this paragraph, nor any discussion of a potential $100,000 crash or September rally for any cryptocurrency.

Pierre Rochard has opined that Michael Saylor is outperforming Federal Reserve Chair Jerome Powell in terms of Bitcoin investments. This contrast between Meta Platforms' rejection of Bitcoin and Strategy's successful Bitcoin-backed stock highlights the growing interest and potential benefits of Bitcoin in the financial sector.