Wall Street pullback triggers turbulence in Asian markets, encryption KOL's macro judgment states that Trump's takeover of the Fed may push up Bitcoin.

On September 25, 2025, Asian stock markets showed narrow fluctuations after two consecutive days of declines on Wall Street, with the Japanese stock market slightly rising and the Hong Kong market stabilizing after the super typhoon “Ragasa”. Meanwhile, the US dollar maintained its strength, and copper and oil prices approached high levels, with the market focusing on the issuance of Japan's 40-year government bonds. On the macro level, well-known encryption commentator “plur daddy” returned to the market, believing that Trump may increase his control over the Fed, and this policy shift could trigger a liquidity wave, reshaping the value logic of Bitcoin and gold. His views resonated with several traders and macro strategists, further reinforcing Bitcoin's status as a safe-haven and liquidity benchmark in the global macro landscape.

Asian stock markets follow Wall Street's pullback, as the market awaits new catalysts

Wall Street shows signs of fatigue due to the AI-driven rally, with the S&P 500 falling for two consecutive days this week, causing fluctuations in Asian stock markets. The Japanese stock market sees a slight increase, Hong Kong remains stable after the typhoon, and U.S. stock index futures have risen by 0.2%. Copper prices remain high due to disruptions in Freeport-McMoRan's Indonesian mine supply, while oil prices stabilize after recording the largest increase since July. Investors are also focusing on the Japanese 40-year government bond auction and the slowdown in the U.S. labor market along with inflation risks.

Trump's trade and policy risks are rising

The Trump administration has launched an investigation into the imports of robots, industrial machinery, and medical equipment, raising market concerns that the scope of tariffs may expand again. The South Korean Prime Minister warned that if visa issues are not resolved, major Korean-funded projects in the U.S. may stagnate. Mary Daly, President of the Fed's San Francisco branch, stated that further rate cuts are needed but emphasized the need for cautious advancement. Concerns over policy uncertainty are intensifying, coupled with the weakening momentum of AI-themed stocks, leading investors to choose a brief wait-and-see approach.

“plur daddy” returns: Bitcoin and gold will be the biggest beneficiaries of policy shifts

The long-silent well-known encryption commentator “plur daddy” has returned to the market with a macro assertion: if Trump takes over the Fed, not only will interest rates continue to fall, but he may also promote Yield Curve Control (YCC), putting pressure on the dollar. His core view is that in an environment of liquidity expansion and damaged institutional credibility, Bitcoin and gold will become the purest beneficiary assets, while the traditional “halving four-year cycle” logic is no longer applicable.

He also pointed out that the funding operations of the U.S. Treasury General Account (TGA) directly affect market liquidity, and Bitcoin is much more sensitive to this than stocks. Moreover, if Europe uses about $300 billion of frozen Russian assets to finance Ukraine, it will further strengthen the significance of encryption assets.

The Resonance of Safe-Haven Logic between Gold and Bitcoin

Currently, gold has broken through historical highs, with some investment banks expecting it to rise to 3700–4000 USD in the coming quarters. Plur Daddy believes that Bitcoin may take over and rise after the pace of gold's increase slows down. He himself has significantly increased his positions in gold and Bitcoin in August, and expects Trump's monetary policy intervention to become a “once-in-a-decade” historical catalyst.

Industry Response and Bitcoin Price Outlook

This view quickly gained recognition among market participants. Notable traders Ansem, macro strategist Alex Krüger, and Forward Guidance host Felix Jauvin all expressed their agreement. Meanwhile, a rare divergence emerged within the Fed, as newly appointed board member Stephen I. Miran advocated for a more significant rate cut at the September meeting, while the White House attempted to remove board member Lisa Cook through litigation, intensifying concerns over the independence of the Fed.

Conclusion

The global macro landscape is at a major turning point in policies and markets. As Trump intensifies pressure on the Fed, progresses with the European asset freeze plan, and gold hits a historic high, Bitcoin is gradually being redefined by the market as a “liquidity barometer” and a substitute for institutional trust. Against this backdrop, Bitcoin and gold may become the biggest beneficiaries of future policy shifts and liquidity easing. Disclaimer: This article is for news information only and does not constitute any investment advice. The encryption market is highly volatile, and investors should make cautious decisions.