A major Fed earthquake! Trump personally detonates a policy bomb.
On August 26th, US President Trump brazenly fired Federal Reserve Governor Tim Cook, citing "mortgage fraud" as the reason. This move is not only a blatant challenge to the Fed's independence, but also has the potential to completely rewrite global financial rules. According to Xinhua News Agency, Trump has nominated his confidant Stephen Milan to replace Kugler. If Cook's successor is successfully nominated, four seats on the seven-member Fed Board will be controlled by the Trump camp, indirectly controlling the appointment of regional Fed presidents.
Is the crypto market headed for a surge? Three reasons are heartbreaking!
The US dollar is going to depreciate, and Bitcoin will become a "hard currency."
After the Federal Reserve was politically controlled, its ability to fight inflation plummeted. Consider the tenfold surge in Bitcoin's value during the pandemic! With the US dollar's credibility now thinner than paper, Bitcoin's "digital gold" attributes will be a frenzy for global investors, potentially pushing its price to $120,000!
Interest rate cuts must be brought forward, and capital must flood in.
The Trump team is constantly pressuring the Federal Reserve to cut rates. If successful, global hot money will flood in again. Consider last year's 25 basis point rate cut, which caused Bitcoin to plummet 4.6% that day. However, this time, the crash is driven by political interference, which will in turn trigger a "good news after the bad" scenario, potentially leading to a massive influx of capital into the crypto market!
Decentralized assets have become a "political hedge."
When traditional finance is undermined by politics, Bitcoin's censorship resistance is a lifeline. The XBIT exchange saw a 2 million user increase, demonstrating that smart money is already voting with its feet!
Long Ge's Opinion:
This time, Trump isn't motivated by the economy; he's campaigning for re-election! With the Fed manipulated, the US could be trapped in a vicious cycle of "political easing, exploding inflation, and forced interest rate hikes." At this point, crypto assets are the "Noah's Ark" for global capital, especially mainstream coins like Bitcoin and Ethereum, which could usher in a once-in-a-decade bull market!
This move by Trump has directly put the crypto market on the fast track to a policy dividend! If you don't invest now, will you wait until Bitcoin hits $120,000 before you slap your thighs? #特朗普罢免美联储理事库克
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