A lot of analysts are hyped for the Fed's upcoming meeting. Powell could lower rates, which might kickstart Bitcoin's growth again. But honestly, the real big deal would be if he got booted from the Fed.
Why Powell's Role Matters for Bitcoin's Future
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Not sure why everyone links Bitcoin's rise to US politics. Sure, rate cuts matter, but Bitcoin was climbing before Trump even showed up. Now it feels like every price jump is tied to his moves.
kevin_bridgeFull Member
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#3Oct 3, 2021, 03:13 PM
Yeah, I get that politics play a role sometimes, but this seems overblown. The same user said the last surge was just a 'fakeout' and now claims it's heading to the moon? Come on... It's not all about one guy.
AtomicForkFull Member
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#4Oct 3, 2021, 08:44 PM
I feel conflicted here. I prefer low rates to inflate assets, but too much inflation messes things up for regular folks. It's a balancing act; rich get richer and poor struggle more.
Powell was put in by Trump, but does he really know what he's doing? His trade policies are questionable at best. Anything above 10% on tariffs causes chaos.
If Powell's position is threatened because of Trump's whims, it could be disastrous long term. The Fed needs to be independent, or we’re stuck with yes-men who just follow the president’s orders.
US politics are always in the spotlight, especially with Trump around. His actions seem to dictate Bitcoin's fate, but we should remember it’s not all about him. Bitcoin's growth shouldn't be pinned to a single event.
Trump's tariffs are a double-edged sword. They affect global trade and Bitcoin reacts in real-time. What if there's a major conflict? That could cripple hardware supplies and, in turn, Bitcoin.
I stick to my predictions. Bitcoin hitting $100K isn't happening anytime soon, and I stand by that. Long-term, though, I see the dollar losing value against Bitcoin. Crypto's the future.
The US is a big player globally, that’s undeniable. Their actions ripple through markets, not just Bitcoin. But other countries matter too, and the global economy is more complex than just the US.