Trump May Replace Fed Chair Good or Bad for Crypto? 🤔📉📈
Aslam mu alakum, and hello every one how are you, hope you all will be happy and fine.
Today I read one very hot and big news. President Trump say maybe he will change the Federal Reserve boss, Jerome Powell. He say 4 people are thinking to take his place.Now many people talk about this in crypto world. Some people like this news. Some people not happy. Why this happen?
👉 Why this news important for crypto market?
Because Federal Reserve is very big power for money system in America. It control interest rate. If new person come and he cut interest rate, then crypto price can go up. Cheap money means more people buy Bitcoin, Ethereum, and other coins.But if the new person make strict rules, or keep interest high, it can hurt crypto. So this is why people watch this news carefully.
👉 Why some people not like Trump’s idea?
Some crypto lovers say Trump only play politics. They feel he don’t care about crypto really. They worry maybe he choose someone who don’t understand economy or crypto.
Some people also say, “Why change Powell? He is doing okay.” They think this will make market unstable.So, this is why some like this news, some not.But for now, we wait and see. Let’s hope the next Fed chair is cryptofriendly 🙏
Allah hafiz
