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Is Powell under criminal investigation? The "policy wind" in the crypto circle is coming!
The head of the Federal Reserve is under investigation for renovating a $2.5 billion building, and it's a probe approved by Trump allies—more exciting than the fluctuations in coin prices! It's worth noting that Powell is famously known as a "cryptocurrency opponent," not only openly stating that the Federal Reserve won't touch Bitcoin or digital dollars but also firmly resisting Trump's Bitcoin strategic reserve plan.
Now he's in trouble himself, and the Federal Reserve's policies are likely to change! Trump has always supported cryptocurrencies, and now he plans to establish a dedicated supervisory position and nominate crypto-friendly officials. The expectation of rate cuts will only grow stronger. How sensitive are cryptocurrencies to Federal Reserve policies? Previously, a rate cut led to a massive influx of billions into Bitcoin ETFs, pushing the price directly past the 110,000 mark!
While traditional finance is busy with internal conflicts, isn't this the perfect opportunity for decentralized crypto assets? #鲍威尔