Home > Quick > Body

If Trump fires Federal Reserve Chairperson Powell, it may be possible to determine whether Bitcoin is truly decoupled from the Nasdaq

clock
2025-04-27 02:52:41
Recently, US President Trump has publicly criticized Federal Reserve Chairperson Powell and hinted that he may be fired, which has attracted widespread market attention. Analysts have pointed out that if Trump fires Powell, it may seriously weaken the independence of the Federal Reserve, cause the market to lose confidence in US monetary policy, and even trigger an economic recession.
In this context, cryptocurrencies may gain more attention due to their decentralized nature, and Bitcoin in particular may be seen as a hedge against risks in the traditional financial system. Historically, the price of Bitcoin has followed the Nasdaq index (despite the multiplier effect), and the US stock market has been sluggish recently. However, Bitcoin has risen against the trend, leading the market to speculate that Bitcoin is "decoupling" from the Nasdaq index. Although it is impossible to say whether it will actually happen, if Trump does fire Powell, the market may finally determine the decoupling effect. 
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.