Powell Flips the Table and Won't Leave? The Crypto Market's "Savior" Script Needs Rewriting!

Today's news is quite explosive—Powell is really getting serious this time. Facing criminal investigation pressure from the Trump administration, the old man directly sent word through his lawyers: Want to come after me? Then when my chair term ends in May, I'm not leaving either. I'm staying in the board position until 2028! The message is crystal clear—the more you pressure me to cut rates, the more I'll dig in to protect the Fed's independence.

Personal take: This whole drama basically comes down to Trump wanting to install his "own guy" Warsh in the top seat to manipulate rate cuts, but Powell just flipped the table and walked away from the game. Plus, the details leaked in the documents are subtle: Powell's lawyers hinted that if the investigation doesn't stop, Trump won't even have enough votes in the Senate to confirm a new chair. What does that mean? It means the Fed's power transition could get stuck in gridlock!

Impact on the crypto market: In the short term, this news heightens policy uncertainty—it's bearish. Funds hate this kind of celestial infighting chaos, volatility will intensify. But thinking deeper, if Powell really stays on, it actually breaks the market's worry about Warsh potentially implementing aggressive quantitative tightening after taking over. This essentially cools down "tightening expectations."

What players should do: Just keep an eye on the March 18 Fed meeting. Powell's press conference this time will definitely get questions about his future. If he takes a hardline stance, the dollar and Treasury bonds will keep wobbling, and Bitcoin will probably keep riding that roller coaster.

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If Powell really stays on until 2028, do you think it's long-term bullish or bearish for crypto? $BTC