If you follow the crypto market, you've probably noticed how much influence decisions by the U.S. Federal Reserve have. And at the center of all this is Jerome Powell, who has been leading the most influential central bank in the world for several years.

Powell started working at the Fed back in 2012, but he gained real prominence in 2018 when Trump appointed him as chairman. Since then, every word he says at a press conference can turn the market 180 degrees. I remember in May 2020, his comments on the state of the economy after COVID caused a sharp surge in Bitcoin — it was one of those moments when it became clear that crypto was no longer living in a separate bubble.

When Powell talks about inflation, interest rates, or monetary policy, it affects not only currencies and stocks but also directly impacts the price of Bitcoin and altcoins. His decisions determine borrowing costs, the dollar exchange rate, inflation levels — in short, everything that moves markets. That’s why crypto traders, like traditional investors, are literally dependent on what Powell says.

It’s especially interesting to watch his stance on digital currencies. The Fed is actively exploring the possibility of creating its own CBDC — a digital dollar. As early as 2020, Powell stated that all major central banks are seriously working on developing digital currencies. This direction could radically change the entire cryptocurrency landscape, so attention to Powell’s statements on regulation and digital assets is becoming increasingly critical for the crypto community.

In general, if you want to understand where crypto might go in the near future, it makes sense to follow not only technical levels but also what Powell says and does. His role in U.S. monetary policy directly or indirectly influences all sectors of the economy, including blockchain and digital assets.