Trump’s Pressure on Fed Could Send Bitcoin to New Heights (Again!)

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Ah, the Federal Reserve—a fine, independent entity, beholden neither to the whims of Congress nor to the presidential office. A bank with such autonomy, it could probably ignore your birthday wishes if it wanted to. Presidents and Congressmen, try as they might, have no power to dismiss the Fed chair or impose their favorite policies. This is the land of central banking independence, my friends.

But, wait! Enter our ever-innovative former president, Donald Trump, who, it seems, has a knack for shaking up the status quo. Last time he was in office, he practically begged Jerome Powell—chairman of the Fed—to cut interest rates. And Powell, in his own way, obliged. Could history repeat itself? Will Trump’s relentless pressure on Powell lead to another dramatic rate cut? The suspense is killing us.

Trump Pressures Powell to Cut Rates

Trump is, how shall we say… unconventional. Some presidents prefer the traditional route, engaging in polite conversations about monetary policy. Not Trump. He’s more the “push the envelope and add a few choice words for flavor” type. A man of action, a micromanager, and an economist all rolled into one. His leadership style is a curious mix of Steve Jobs and Jack Welch, with a hint of sarcasm—because, why not?

So, when Trump demanded that Powell slash interest rates, he didn’t just send a polite letter. Oh no. He followed up with an eloquent barrage of insults. And you know what? The S&P 500 took a small dip, dropping 2.5% after Trump’s public campaign. It’s almost like his tantrum worked. But, of course, this is Trump—so, it wasn’t just any tantrum. It was the sort of spectacle we only get once in a while.

Will History Repeat for Bitcoin Prices?

Meanwhile, on Truth Social, Trump shared his thoughts with the world (because who wouldn’t trust a platform named “Truth” for objective news?) about the economy. Apparently, it’s teetering on the edge of disaster, unless—hold on to your hats—Jerome Powell “lowers interest rates, NOW!” Trump’s urgency could very well be the start of something big, though. And no, we’re not talking about the stock market. No, we’re talking about Bitcoin. The Bitcoin price could shoot up faster than you can say “blockchain.”

Let’s rewind to 2019, shall we? Back then, Bitcoin was flirting with the $5K mark, and Trump was already pulling his signature “cut-the-rates-now” routine. A mere 12 months later, rates were slashed, and Bitcoin was skyrocketing to $60K. Was it a coincidence? Or was it just Trump’s special brand of chaos theory working in real-time? Fast-forward to today, and Bitcoin’s peeking above $95K, with hopeful bulls eyeing that elusive $100K milestone. Will it happen again? Who’s to say? But if it does, don’t say we didn’t warn you!

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2025-04-27 17:13