Trump's Fed Takeover: Crypto Markets Brace for Price Shock

US President Donald Trump's feud with the Federal Reserve and its chair Jerome Powell has sent shockwaves through the bitcoin and crypto markets. Trump ally Larry Kudlow predicts Trump will "take the Fed over," which could upend the global financial order and cause chaos for the bitcoin price, crypto, and stock markets. The bitcoin price has surged alongside gold to an all-time high, but a close ally of Trump has predicted the president will "take the Fed over," something that could up-end the global financial order and cause chaos for the bitcoin price, crypto, and stock markets.

US President Donald Trump's ongoing feud with the Federal Reserve and its chair Jerome Powell has sent shockwaves through the bitcoin and crypto markets. Trump ally Larry Kudlow predicts Trump will "take the Fed over," which could upend the global financial order and cause chaos for the bitcoin price, crypto, and stock markets.

The bitcoin price has surged alongside gold to an all-time high, reaching above $93,000 on Wednesday. However, a close ally of Trump has predicted the president will "take the Fed over," which could disrupt the global financial landscape. Kudlow, who served as the Director of the National Economic Council under Trump, believes that after Jerome Powell's term ends in May 2026, Trump should take over the Federal Reserve and conduct a thorough review.

Kudlow's prediction comes amidst growing crypto enthusiasm in the White House. Republican Senator Cynthia Lummis from Wyoming plans to introduce a bill in the next Congress to establish a bitcoin strategic reserve. Lummis's bill, known as the "BITCOIN Act," aims to purchase 1 million bitcoins using some of the gold held by the Federal Reserve. This would account for nearly 5% of the circulating tokens and cost around $90 billion based on current market prices Sell off the Federal Reserve gold reserves, buy 1 million bitcoins! Trump ally proposes bold plan^[1].

However, the bill faces an uphill battle. Some market observers, including Jennifer J. Schulp from the Cato Institute, express skepticism about the long-term viability of bitcoin as a stable asset. Michael Novogratz, the billionaire head of crypto investment firm Galaxy Digital, also predicts a low likelihood of the U.S. establishing a bitcoin strategic reserve Sell off the Federal Reserve gold reserves, buy 1 million bitcoins! Trump ally proposes bold plan^[1].

Moreover, Trump's potential takeover of the Federal Reserve could have significant implications for the global financial order. Kudlow suggests that Trump should conduct a top-to-bottom review of the Fed, including monetary policy, regulatory policy, and personnel policy. This move could lead to significant changes in the Federal Reserve's operations and influence on the global economy Trump Will 'Take Over The Fed,' Larry Kudlow Says^[2].

The potential impact on the bitcoin price and crypto markets is uncertain. While some believe that a Trump-led Fed could drive the price of bitcoin to $0.5 million, others argue that the move could cause market volatility and uncertainty Sell off the Federal Reserve gold reserves, buy 1 million bitcoins! Trump ally proposes bold plan^[1]. The stock markets could also be affected, with investors reacting to the potential changes in monetary policy and regulatory environment.

In conclusion, Trump's feud with the Federal Reserve and Kudlow's prediction of a potential takeover could have significant implications for the bitcoin price, crypto markets, and the global financial order. The upcoming Congress and the potential appointment of a new Federal Reserve chair will be crucial in determining the future of these markets.