Analysis: Trump's firing of Powell may trigger a crisis similar to the Turkish lira, leading capital to flow into BTC and stablecoins.
Trump's plan to fire the chairman of the Federal Reserve may lead to capital flowing into assets like Bitcoin. After Turkish President Erdogan fired the central bank governor, the central bank's intervention caused the currency to collapse, leading to capital flowing into BTC. The dollar index has fallen by 10% and has dropped to 98. If Powell is fired, it may further drive the adoption of assets like Bitcoin.