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Powell is about to be replaced, but Wall Street suddenly starts missing him?
One of the biggest NPCs in the crypto world over the years must be Powell.
Every time he speaks, BTC is like a lottery draw.
And now, "Powell's curtain call countdown" has suddenly become a hot topic on Wall Street.
Many people only realize afterward:
This man has almost participated in all major crises in the past.
Pandemic, aggressive rate hikes, banking crises, high inflation.
He is very much like a fire chief working overtime.
The most amazing thing is:
He is simultaneously criticized for "being too aggressive with liquidity";
And praised for "successfully soft landing."
So now the market's evaluation of him is very divided.
Supporters think:
"Without him, the U.S. economy would have exploded long ago."
Opponents believe:
"High inflation was nurtured by him personally."
But no matter what, the biggest legacy Powell leaves behind is actually:
The complete financialization of global markets.
Now all assets are dependent on Federal Reserve liquidity.
BTC is the same.
The crypto world used to shout "decentralization" every day, but the most watched person every day is still Powell.
It's like someone who talks about freedom every day, but ends up working every day watching the boss's face.