🌕 Gate Square · Mid-Autumn Creator Incentive Program is Live!
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
💡 Post Ideas:
1️⃣ How do you see AI tokens evolving?
2️⃣ Wh
Analysis: Trump's firing of Powell may trigger a crisis similar to the Turkish lira, leading capital to flow into BTC and stablecoins.
According to Jinse Finance, Trump plans to fire Federal Reserve Chairman Jerome Powell, but experiences with the Central Bank of Turkey seem to serve as a warning against such actions. Turkish President Erdogan issued the first decree to dismiss the country's central bank governor, Murat Cetinkaya, in July 2019. Following this, a series of interventions by the Turkish Central Bank in 2020-21 led to the collapse of the national currency and directed capital towards BTC and stablecoins. If Powell is dismissed, it could accelerate the dumping of the dollar and subsequently promote Bitcoin adoption. Data shows that the dollar index has already fallen by more than 10% in three months, currently dropping to 98.