What Trump Firing Fed Chair Would Mean for Bitcoin—And the US Economy
President Donald Trump has threatened to fire Federal Reserve chair Jerome Powell, a move that could destabilize the American political system and impact financial markets. Analysts suggest this unprecedented action could undermine trust in the U.S. economy, leading to declines in equity and bond markets. However, it may also enhance Bitcoin's appeal as an alternative store of value, similar to gold. Experts believe that if confidence in American institutional stability erodes, Bitcoin's fixed monetary policy could become more attractive. Despite Bitcoin's vulnerability to traditional market fluctuations, any immediate negative impact on its price from Powell's firing may be short-lived. Other cryptocurrencies like Ethereum and Solana could face greater risks due to regulatory uncertainties amid a potential economic crisis.
