‘Imminent’ Fed Nightmare Is Suddenly Coming True As The Bitcoin Price Soars

Key Points

1. Bitcoin's price has risen by around 60% from its April lows, reaching an all-time high of $123,000, partly due to U.S. President Donald Trump's support for cryptocurrency.

2. Political tensions have escalated as Trump and others criticize Fed Chair Jerome Powell, with speculation that his removal is 'imminent' and could lead to a more crypto-friendly monetary policy.

3. Prediction markets, such as Polymarket, show increasing odds (over 20%) that Trump will remove Powell, with potential replacements like Kevin Warsh advocating for 'regime change' at the Fed.

4. A new Fed chair, if appointed by Trump, is expected to support lower interest rates, which could further benefit bitcoin and the broader crypto market.

5. Trump has repeatedly attacked Powell's policies, claiming they cost the U.S. $1 trillion annually in interest payments, while also hinting at possible changes in Fed leadership.