The article discusses President Donald Trump's potential plan to fire Federal Reserve Chairman Jerome Powell and its implications for the U.S. dollar and Bitcoin (BTC). Drawing parallels with Turkey's currency crisis under President Erdogan, the piece argues that Trump's interference in central bank independence could lead to a similar loss of investor confidence, potentially accelerating Bitcoin adoption as a safer asset. The U.S. dollar has recently hit three-year lows amidst economic uncertainty, while Bitcoin remains resilient. Historically, Erdogan's interference with Turkey's central bank has led to a dramatic collapse of the lira, emphasizing how political influence over monetary policy harms economic stability. If U.S. investors lose faith in U.S. assets, they may increasingly turn to BTC and other alternative investments.

Source 🔗