Bitcoin and cryptography prices are walking on water after the trade war by US President Donald Trump has triggered market chaos that threatens to turn into a “crisis of confidence in the US dollar in its own right”.
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The Bitcoin price fell from its January peak by almost $ 110,000 per Bitcoin, down with the stock market, while the crypto rushed to a “tilting point” of 19 dollars.
Now, as billionaire Ray Dalio warns that the United States rushes towards a financial crisis and a recession that could be worse than 2008, the White House confirmed that Trump explores if he can dismiss the president of the federal reserve Jerome Powell – something that could trigger an “apocalyptic scenario” for the markets.
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President Donald Trump evaluates if the White House can dismiss the president of the Federal Reserve … More
“The president and his team will continue to study this issue,” Kevin Hassett, Trump’s economic advisor, told the White House journalists when he was asked if the fed chair dismissal was an option and if the Trump has the power to remove Powell.
This week, Trump posted on his Truth social account that “Powell’s termination cannot come quickly enough” after Powell reiterated his intention to keep the interest rates on hold due to uncertainty about Trump’s tariff trade war.
Last month, the Senator of the influential Democratic Party Elizabeth Warren said Trump could try to fire Powell, warning disturbingly: “no one is safe.”
“It would be a huge shock and enormous,” told Bilal Hafez, managing director of the investment research company, Macro Hive, said The telegraph newspaper. “Overall, it would be almost like an apocalyptic scenario for the market.”
The Trump dam of world trade prices has exploded the established order of international trade, fueling market uncertainty and pushing investors outside of risk as if bitcoin and crypto.
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The price of Bitcoin has failed to climb alongside gold while the prices of Donald Trump is the chaos of the market.
The price of Bitcoin has diverged gold, which made passages to peaks of all time while traders flee to the traditional refuge, although some predicted that Bitcoin will finally benefit and begin to exchange as “digital gold”.
“Powell continues to sit on the fence with the approach” we are waiting for and will see “because he still thinks that prices will lead to higher inflation,” wrote Bitcoin and Crypto Lark Davis in his mastery bulletin of wealth.
“Only time will tell us, but the dismissal of the Powell risks bringing even more uncertainty to the markets. However, an intervention of a kind will be necessary at a given time, whether it is rate cuts, a quantitative relaxation or an asset. Or a mixture. It is a question of moment, not if.”
