What would happen to cryptocurrencies if Trump takes over the Federal Reserve? Trump threatens to fire Federal Reserve Chairman Powell!

Recently, the focus of American politics and financial markets has centered around an unprecedented power struggle—President Trump has openly threatened to fire Federal Reserve Chairman Jerome Powell, citing his "refusal to cut interest rates that hinders economic growth." This conflict over the autonomy of monetary policy not only challenges the 70-year tradition of independence of the U.S. central bank but also raises deep questions about global financial stability and the direction of the cryptocurrency market: When the Federal Reserve may become a political tool, will cryptocurrencies like Bitcoin become a new "safe haven" or fall into greater uncertainty?

Powell was nominated as Federal Reserve Chairman during Trump's term in 2018, and at that time, their relationship was amicable. However, as the Federal Reserve continued to raise interest rates from 2018 to 2019 to curb inflation, Trump began to frequently criticize Powell's policies as "hindering economic growth." He has publicly stated, "The Federal Reserve is my biggest threat," "They raised rates too fast and lowered them too slowly."