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Trump Confirms Imminent Fed Decision—Bitcoin And Crypto Brace For Huge Price Earthquake

Bitcoin has struggled to break out in recent months despite hitting a fresh all-time high in May and fears building over a $37 trillion “ticking time bomb.”

The bitcoin price rocketed higher following U.S. president Donald Trump’s November election victory but has struggled to hold onto that momentum as Federal Reserve chair Jerome Powell grapples with a looming, “cataclysmic” crisis that’s headed for the U.S. dollar.

Now, as Tesla billionaire Elon Musk quietly backs a shock dollar collapse warning, Trump has confirmed a decision on the next Federal Reserve chair will be coming out soon, priming the bitcoin price and crypto market.

“We believe if bitcoin maintains support above $105,000, it could target the $120,000 to $125,000 range in June. This will not be catalysed just from the labour market but it could be a domino in multiple catalysts prompting the Fed to cut rates at a faster than expected pace.”

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