Bitcoin is surging past $88,000 as markets reel from Donald Trump’s escalating battle with the Federal Reserve. The former president slammed Fed Chair Jerome Powell on Truth Social, hinting at a possible firing, calling Powell “Mr. Too Late”—a move that analysts warn could trigger an “apocalyptic” scenario for the U.S. economy.
With global markets shaken, tech stocks down, and gold soaring to $3,400 per ounce, Bitcoin is catching serious safe-haven momentum. Trump’s push for “preemptive” rate cuts, despite low inflation, has sent the U.S. dollar to a three-year low, with fears growing of a full-blown confidence crisis.
Crypto experts now eye Bitcoin as digital gold, fueled by political drama and recession fears. While Powell hesitates, Trump’s aggressive tone keeps volatility high.
Conclusion
Market uncertainty is sparking a shift toward Bitcoin and gold as safe-haven assets.
Takeaways
Trump threatens to fire Fed Chair Powell
Bitcoin jumps over $88K amid dollar crisis fears
Gold hits record high as traders flee equities
Market views Bitcoin as emerging “digital gold”
Source: Forbes
