Trump vs. Powell – A New Battle Brewing That Could Shake the Crypto Markets?

The 2024 U.S. election isn’t just about politics anymore — it’s becoming a showdown with serious implications for monetary policy, inflation, and yes… crypto.

Donald Trump is ramping up criticism of Fed Chair Jerome Powell, accusing him of fueling inflation and hurting the economy with high interest rates. Meanwhile, Powell continues to push the “higher for longer” stance, trying to keep inflation under control — even if it means recession risk.

Here’s what it means for us in crypto:

Trump comeback = more market volatility. His policies tend to favor tax cuts, deregulation, and less Fed independence — potentially bullish for risk assets.

Powell staying in charge = rate uncertainty. Higher rates = tougher conditions for Bitcoin and altcoins to pump.

Political pressure on the Fed could trigger a loss of confidence in the USD — and crypto thrives when trust in fiat falls.

My take? If Trump wins and replaces Powell, we might see a faster pivot to looser monetary policy — and possibly a crypto rally.

But the market hates uncertainty, and this feud adds plenty.

What’s your prediction?

Will Trump’s pressure shake up the Fed? Will crypto benefit or suffer?

Drop your thoughts below — and follow for more macro x crypto takes.

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