- Trump’s Fed Chair plans impact Bitcoin market sentiment.
- Bitcoin records a 1.19% gain as comments surface.
- Potential changes in monetary policy fuel crypto interest.
Bitcoin prices surged as U.S. President Donald Trump announced plans to replace Federal Reserve Chairman Jerome Powell, asserting dissatisfaction with Powell’s interest rate policy during an announcement at the 2025 NATO Summit.
The decision to replace Jerome Powell is raising expectations for shifts in U.S. monetary policy, which has already prompted a positive reaction in the Bitcoin market.
Trump’s Intentions and Market Reaction
President Donald Trump confirmed intentions to nominate a new Federal Reserve Chairman, citing monetary policy disagreements with Jerome Powell. Trump’s critical stance towards Powell’s interest rate decisions has heightened speculation about a major policy shift.
Bitcoin’s price increased by 1.19% following Trump’s announcement, reflecting optimism about potential monetary policy adjustments. Investors see Bitcoin as a hedge amid expected changes in U.S. financial governance.
Anticipation of New Federal Reserve Chair
Markets anticipate that a new Fed Chair might pursue an interest rate strategy more favorable to Trump’s economic vision. Observers note that similar political shifts have historically driven capital into digital assets like Bitcoin.
“I know, within three or four people, who I’m going to pick. He goes out pretty soon fortunately, because I think he’s terrible.” — Donald Trump, President, United States
The crypto community remains watchful of further developments, as regulatory adjustments and leadership changes could enhance digital currency adoption. Historical trends suggest that policy changes affecting central bank independence often correlate with Bitcoin rallies.
The market anticipates financial shifts influenced by political changes. A new Chair might instigate policies encouraging Bitcoin investment. Regulatory clarity and decentralization interest may continue bolstering crypto markets if policies align.
