Trump calls Powell a “real dope” in fiery Fox News interview.
President demands Fed slash rates next week, referencing Dimon’s support.
Crypto investors eye potential bull run as lower rates boost risk assets.
In a bold escalation of his ongoing feud with the Federal Reserve, President Donald Trump unleashed a torrent of criticism against Fed Chair Jerome Powell during a recent Fox News appearance. Labeling Powell as “incompetent” and a “real dope,” Trump didn’t mince words, accusing the central banker of mishandling the economy. This comes at a pivotal moment for financial markets, particularly the cryptocurrency sector, which has long been sensitive to monetary policy shifts. With Bitcoin hovering around $150,000 and altcoins showing volatility, Trump’s remarks could signal a turning point for digital assets.
The President’s comments weren’t just personal jabs; they carried substantive demands. Trump explicitly called for the Federal Reserve to cut interest rates at its upcoming meeting next week, arguing that even JPMorgan Chase CEO Jamie Dimon has echoed the need for reductions. “Even Dimon said Powell should reduce rates,” Trump stated, invoking the influential banker’s perspective to bolster his case. This reference to Dimon, a vocal figure in traditional finance with occasional nods to crypto’s potential, adds weight to Trump’s push. In the crypto world, where high interest rates have historically dampened enthusiasm by making safer investments more appealing, such a cut could unleash a wave of liquidity into riskier assets like Bitcoin and Ethereum.
Crypto analysts are buzzing about the implications. Lower interest rates typically encourage borrowing and investment, often flowing into speculative markets like cryptocurrencies. Remember the 2020-2021 bull run? It was fueled in part by near-zero rates and stimulus measures during Trump’s first term. If the Fed heeds this pressure—unlikely as Powell has emphasized independence—the crypto market could see a similar resurgence. Bitcoin, already up 200% year-to-date in 2025, might test new all-time highs, while DeFi protocols and NFTs could regain traction amid cheaper capital.
But it’s not all smooth sailing. Trump’s history with the Fed is checkered; during his first presidency, he frequently clashed with Powell over rate hikes, even threatening to fire him. Now, in his second term, with inflation inherited from the Biden era still lingering at around 3%, Trump’s interventionist stance raises questions about central bank autonomy. Crypto purists, who champion decentralization as an antidote to fiat meddling, might view this as ironic—yet pragmatic traders see opportunity. Ethereum’s transition to proof-of-stake and the rise of layer-2 solutions have positioned the ecosystem for scalability, making it ripe for institutional inflows if rates drop.Potential Market Ripple Effects and What Crypto Holders Should WatchLooking ahead, the Fed’s decision could hinge on upcoming economic data, including jobs reports and CPI figures. If rates are cut, expect a short-term crypto rally: Bitcoin could surge 20-30% within weeks, as seen in past cycles. Altcoins like Solana and Cardano, which thrive in low-rate environments, might outperform. However, if Powell resists, citing data-dependent policy, we could see market dips as uncertainty mounts.
For crypto investors, this underscores the intertwined fate of digital assets and macroeconomics. Trump’s rhetoric, while bombastic, highlights a broader push for looser policy that aligns with blockchain’s growth narrative. As one senior trader at a major exchange told CryptoProLive, “Trump’s Fed bashing is music to our ears—it’s pro-growth, pro-risk, and ultimately pro-crypto. “In summary, Trump’s dual tweets—combining personal barbs with policy demands—have ignited discussions across financial circles. Whether this leads to actual rate cuts remains uncertain, but the crypto community is watching closely. With the President’s influence at its peak, this could be the catalyst for the next big bull phase in an already dynamic 2025 market. Stay tuned as events unfold; in crypto, as in politics, volatility is the name of the game.
Disclaimer: All content published by Crypto Pro Live (CPL) is intended solely for informational and educational purposes. It does not constitute financial, investment, or legal advice. While we strive for accuracy and reliability, CPL assumes no responsibility for any financial decisions, losses, or actions taken based on the information provided. Readers are encouraged to conduct thorough research and seek professional guidance before making investment choices.
Nikolai Carter
