💥 Trump Attacks Powell Again.. Will Cryptocurrencies Benefit from Rising Monetary Tensions? 🪙
In new statements, former U.S. President Donald Trump continued his attack on Federal Reserve Chair Jerome Powell, jokingly saying:
"Can I appoint myself as Chair of the Fed? I would do a much better job than Powell."
He added in a direct criticism:
"The Federal Reserve will likely not lower interest rates today, and Powell is not a smart person."
📉 What does this have to do with the cryptocurrency market?
✅ Trump's statements add more pressure on the Fed's policies and highlight the political divide over managing interest rates and inflation.
📈 Cryptocurrency investors are closely monitoring everything related to interest rates, because:
Raising interest rates = 🔻 Pressure on high-risk assets like cryptocurrencies.
Lowering interest rates = 🔺 Support for buying activity and a shift towards digital assets.
💡 Bitcoin and its peers often move inversely to confidence in the dollar and the traditional financial system, thus the attack on Fed policies could revive investor appetite for crypto.
⚠️ What should investors do?
* Monitor the Fed's decisions and interest rate forecasts.
* Follow political statements and their impact on the dollar.
Plan your market moves based on this information.. not emotions.