Trump vs. Powell Heats Up — Bitcoin Breaks $84K Amid Fed Drama❗
Bitcoin ($BTC ) surged past $84,000 on Friday as former President Donald Trump reignited his feud with Fed Chair Jerome Powell, slamming him for refusing to slash interest rates. Trump’s fiery Truth Social rant called Powell “always late” and hinted that his “termination can’t come fast enough.”
Trump's demand? Match the ECB’s 25bps rate cut— or step aside.
“If I want him out, he’ll be out real fast, believe me,” Trump told reporters from the Oval Office, escalating tension with markets watching closely.
What This Means for Bitcoin:
Market Uncertainty = BTC Strength – Political interference at the Fed could spook traditional markets, driving investors toward non-sovereign assets like Bitcoin.
Grindery CEO Tim Delhaes says this clash underscores Bitcoin’s role as a hedge in politically turbulent times.
Others argue the spat highlights the urgent need for clear, non-partisan crypto regulation.
Meanwhile…
Senator Elizabeth Warren warns: “Firing Powell would crash U.S. markets.” Her NYSE speech emphasized the need for an independent Federal Reserve to ensure global economic stability.
The Bottom Line:
As Powell vs. Trump drama unfolds, Bitcoin is winning investor confidence.
In a world where politics rock markets, crypto doesn’t play by those rules.
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