Recent remarks by President Donald Trump about the Federal Reserve have attracted market attention and caused reactions in the cryptocurrency sector.
Trump's Critique of Fed Policies
On August 2, 2025, President Trump indicated in an interview his willingness to potentially dismiss Federal Reserve Chairman Jerome Powell, framing criticisms around the current high-interest-rate policy. Trump remarked: 'I would not hesitate to fire Federal Reserve Chairman Powell, but firing him would disrupt the market.'
Market Reactions
Financial markets reacted swiftly to Trump's comments, with speculation surrounding potential rate cuts. Investors wary of a more dovish Federal Reserve noted a positive response from the cryptocurrency market, particularly Bitcoin, towards heightened expectations. However, no confirmed changes have been reported from the Fed, placing the discussion in the realm of speculation.
Bitcoin's Safe Asset Appeal in Political Volatility
Bitcoin (BTC) is currently priced at $113,841.94, with a market cap of 2.27 trillion USD. Over the past 24 hours, Bitcoin has seen a 1.56% decrease, though it remains 18.88% higher than three months ago. As political instability rises, interest in Bitcoin as a safe asset tends to increase.
Trump's comments regarding Powell and criticisms of the Fed's current policies have left a mark on financial markets and prompted a new examination of cryptocurrencies under unstable economic conditions.
