Will Trump Swap Fed Chairs and Send Bitcoin to the Moon? 🚀

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Will Trump Swap Fed Chairs and Send Bitcoin to the Moon? 🚀

Imagine, dear reader, a grand drama unfolding on the stage of the American financial theater! President Trump, with the subtlety of a bull in a china shop, whispers about replacing the venerable Fed Chair Jerome Powell. The markets, like startled hens, flutter and cluck, wondering whether to roast or to surprise.

Ah, the implications! They stretch beyond mere monetary mumbo-jumbo, touching the very soul of Bitcoin, altcoins, and the global macro puppet show. So grab your popcorn; the spectacle is about to begin!

Trump’s Phantom Fed Chair Plan Shakes Markets Like a Dickens Tale

On the sixth day of June (or thereabout), Mr. Trump, with all the seriousness of a man announcing his plans to build a new chicken coop, declared that his pick for the Fed’s next head is “coming out very soon.” Even though, dear public, Powell’s term does not officially end until the year of our Lord 2026. What a timely surprise! A political earthquake—more like a dancing donkey—shaking the very foundations of the monetary circus.

He puffs out his chest, preparing to install a “phantom” Fed Chair—yes, a ghostly figure to scare the markets into submission. O, the drama!

BREAKING: President Trump says his pick for the next Fed Chair is “coming out very soon.”

Fed Chair Powell’s term does not end until May 2026, but Trump is preparing to announce a replacement.

A “phantom” Fed Chair is coming.

— The Kobeissi Letter (@KobeissiLetter) June 6, 2025

Just a couple of moons ago, when Trump first hinted at firing Powell, the mighty US Dollar Index (DXY) took a tumble, and Bitcoin, that curious beast, soared like a kite in the wind. BeInCrypto—an honored creature of the digital realm—reported that Bitcoin rallied as the market sniffed out looser monetary policies and a decline in Fed independence. Charming, no?

But when Trump, like a startled cat, retreated in late April, Bitcoin briefly corrected itself—illustrating how tightly chained to the Fed’s credibility and Treasury whims this crypto beast has become.

“I have no intention of firing him… I would like to see him be a little more active in terms of his idea to lower interest rates,” Reuters quoted Trump, speaking from the Oval Office, as if he were discussing whether to add more sugar to his tea.

Now, with the ghostly whispers of a Fed Chair replacement back on the wind, Bitcoin flickers with the unpredictability of a gambler at a tavern table.

“This could shake markets big time. It might spark a crypto bull run or cause big drops,” says Rananjay Singh, founder of TodayCrypto, sounding like a fortune-teller in a fog-filled alley.

Can Trump Even Fire Powell? A Legal Comedy

Ha! The legal labyrinth is thick, dear reader. Trump cannot simply walk into the Fed and give Powell the boot—no sir! The Federal Reserve Act is as clear as mud: a Fed Chair can only be removed “for cause,” typically some great moral failing or gross misconduct. Unless, of course, our hero explores the dark, secret loopholes.

He could, perhaps, appoint a successor before the deadline of 2026, a strategy suggested by some wise folks—Scott Bessent of Key Square Capital, for example.

“…the nominee would have to wait to chair the central bank’s powerful Federal Open Market Committee, which sets one of the nation’s most important interest rates…that person’s guidance, predictions, and potential criticism of the Fed’s actions would weigh heavily on financial markets,” explains Jon Herold, as if describing the plot of a soap opera.

Meanwhile, Trump, ever the gambler, is said to be pondering whether to fire the Fed chair, stirring the pot of economic chaos.

Can President Trump Fire Fed Chair Powell?

May 16th federal appeals court ruling suggests YES: Bloomberg

— matthew sigel, recovering CFA (@matthew_sigel) May 19, 2025

But beware! Removing the Fed boss without cause might unleash a legal and market storm—like a herd of wild bulls on Wall Street.

If a New Fed Chair Comes… What Next for Bitcoin and the Altcoins? 🔮

The esteemed Geoff Kendrick, a seer from Standard Chartered, whispers that Bitcoin is no longer just a hedge against inflation—no, it’s now the knight in shining armor against the treacherous seas of traditional finance and Treasury risk. What a twist in the tale!

“The threat to remove US Federal Reserve Chair Jerome Powell falls into Treasury risk—so the hedge is on,” Kendrick confides, as if sharing a secret with a curious squirrel.

In this land of flux and chaos, Bitcoin emerges as the champion of decentralization—boldly defying fiat’s grip, especially when political storms brew.

“If ‘Too Late’ at the Fed would CUT, we would greatly reduce interest rates, long and short, on debt that is coming due… Very simple! He is costing our Country a fortune. Borrowing costs should be MUCH LOWER!!!” Trump bellowed on Truth Social, because why not stir the pot some more?

Amid rising debt and political theater, experts crown Bitcoin as the life raft—ready to sail to the $105,000 treasure island.

Bitcoin soars amidst chaos

But wait! The ripple effects extend beyond Bitcoin. Altcoins, those underdog tokens, have lagged during the grand game of QT and cautious rate cuts. Now, perhaps their time to shine is near.

“This is the most important news for altcoin holders. The primary reason behind altseason delay is the QT program and less rate cuts. But this might change soon… the new FED chair will definitely fulfill [Trump’s] demands. Altseason is coming,” writes analyst Cas Abbé with hope in his voice.

A Trump-friendly Fed Chair, eager for aggressive rate cuts and liquidity, might spark a crypto carnival. Or, if fate is cruel, unleash chaos like a black swan flying over the globe.

“That day will be the black swan event globally if it happens,” warns the wise account, as if foretelling doom or glory.

So, dear reader, the curtain rises on a new saga—bull run or systemic debacle? Only time will tell. Stay tuned, and keep your cryptos close! 😉

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2025-06-07 14:57