Bitcoin (BTC) Price Shockwave Incoming? Jerome Powell’s Potential Resignation Could Ignite Crypto Markets

Fed Chair exit rumors send crypto traders scrambling—will BTC become the ultimate hedge against monetary uncertainty?

The Powell Put: How Bitcoin thrives when traditional finance panics

Wall Street's worst-kept secret: Central bankers hate crypto because it exposes their monopoly on money-printing. A Powell departure might just prove decentralized finance doesn't need their permission to win.

Powell’s Resignation May End Up Impacting Bitcoin: Two Possible Scenarios

1. A Massive Bitcoin Surge Is Underway

The pressure on Powell to resign is now gaining steady traction. Senator Cynthia Lummis, alongside Florida Congresswoman Anne Paulina Luna, has stated that Powell must resign, with Paulina adding a hint of surety to her statement. This development has sparked a widespread market frenzy, with traditional investors in particular holding their breaths at large.

Powell’s resignation has not yet been confirmed, but the said development is sparking a high level of market uncertainty at the moment. Powell’s resignation at large may spark a traditional market frenzy, which could lead investors to invest in bitcoin to safeguard their assets. With Bitcoin acting as a hedge during the time, it could significantly help BTC turn its fortune around for good.

2. Dovish Fed Hopes May Fuel Bullish BTC Momentum

Trump has already mentioned his intent to appoint a new Federal Reserve chair. If the new chair appointed is inclined towards liberal rate cuts, it could again signal heightened traditional market uncertainty. Lower interest rates tend to weaken the US dollar, all while making borrowing cheaper. This may again compel investors to invest in assets like Bitcoin or Gold to secure their financial routes and profits.