Trump to Bitcoin: You’re Fired?! 😱

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So, Anthony Pompliano, a chap who clearly knows his crypto from his elbow 🧐, has piped up to say that booting Jerome Powell out of his Federal Reserve chair could be a tad… problematic. Especially for those of us who’ve sunk our hard-earned cash into Bitcoin. You know, the stuff that’s either going to make us millionaires or leave us eating ramen for the rest of our days. 🍜

Apparently, Donald Trump—yes, *that* Donald Trump—posted something on Truth Social (which, let’s be honest, sounds like a dystopian dating app) complaining that Powell isn’t slashing interest rates fast enough. “Powell’s termination cannot come fast enough!” he exclaimed, presumably while simultaneously tweeting and watching Fox News. 🤷‍♂️

Why is the price of bitcoin flat? Should Trump fire Jerome Powell? Will The US lose reserve currency status?

I answer your questions 👇

— Anthony Pompliano 🌪 (@APompliano) April 18, 2025

Pompliano, bless his cotton socks, retorted that the President shouldn’t just waltz in and give the Fed President the old heave-ho. “I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” he stated, adding, “Where you have a disagreement and then the firing, I think that’s not really the area that we want to go into.” Which, translated from economics-speak, means: “That’s not a very good idea, mate.”

Now, lower interest rates are generally seen as a good thing for Bitcoin because they tend to flood the market with lovely, lovely liquidity, which then drives up prices. But Pompliano’s worried that canning Powell over a policy disagreement could cause all sorts of financial shenanigans. Think of it as a particularly messy episode of “The Real Housewives of Wall Street.” 💸

Even though Pompliano admits the Fed is about as politically neutral as a fox in a henhouse, he insists that two wrongs don’t make a right. Which is sound advice, even if you’re not discussing trillions of dollars. 🤷‍♀️ “Just because somebody else is doing something wrong doesn’t mean that you should do something wrong,” he said. Deep stuff.

Senator Elizabeth Warren, not one to miss a good economic apocalypse, also chimed in, suggesting that sacking Powell could spook investors and potentially send the markets into a nosedive. Meanwhile, Powell himself has acknowledged that crypto is becoming increasingly important, calling for some sort of legal framework for stablecoins. Because nothing says “stable” like a digital currency, right? 🤪

So, there you have it. With crypto markets practically glued to interest rates and regulations, any political shenanigans at the Fed could have massive repercussions for Bitcoin and everything else. Buckle up, folks. It’s going to be a bumpy ride. 🎢

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2025-04-19 10:13