#TRUMP Demands Fed Chair Powell’s Resignation: Bitcoin Implications

Donald Trump called for Federal Reserve Chair Jerome Powell’s resignation, citing “reckless statements.” Polymarket pegs the odds of Powell’s exit in 2025 at 20%, a yearly high.

Trump’s Stance: On Truth Social, #Trump criticized Powell, claiming his resignation is overdue amid falling oil and food prices and rising U.S. tariff wealth.

Market Reaction: Analyst Alex Kruger warns Powell’s ousting could crash stocks and crypto but boost gold and Bitcoin, as Bitcoin shifts toward a hybrid risk/protective asset.

Bitcoin’s Trend: Since April 12, Bitcoin trades steadily between $83,000–$85,500, unmoved by Trump$BTC ’s remarks, currently at ~$84,600 (CoinMarketCap, April 18).

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Asset Correlations: Bitcoin’s correlation with NASDAQ100 and S&P500 remains strong, but its link with gold is rising (from -0.07 to 0.12 since February, per IntoTheBlock). Gold surged 26% in 2025, hitting $3,350, while Bitcoin and stocks dipped.

Takeaway: Political uncertainty and potential Fed leadership changes could shake markets, potentially positioning Bitcoin as a hedge amid volatility.