Recently, a topic has caused a frenzy in the financial circle: Trump has launched a fierce attack on Federal Reserve Chair Jerome Powell, claiming he is considering dismissing him. This is not just a simple political spat; it conceals the core variables of the financial markets in 2025.

Let's look at the development of the situation. Trump openly expressed his desire for Powell to resign and even threatened to replace him. It’s important to note that during his term, Trump nominated Powell as Fed Chair, and the two were once seen as "comrades-in-arms." Now, the tide has turned, reflecting a fundamental disagreement over Fed policies—especially regarding the pace of rate cuts and liquidity injections.

What are the real implications of this power struggle? First, the independence of the Federal Reserve faces an unprecedented test. If the central bank’s decision-making authority is politically influenced, monetary policy will no longer be based on economic data but on political needs. Second, expectations of rate cut cycles will be thoroughly disrupted, and the market’s original liquidity assumptions will need to be reassessed. Third, the credibility of the US dollar as the global reserve currency may also be shaken—after all, central bank independence is the cornerstone of the modern financial system.

What does this mean for crypto market investors? When the stability of the traditional financial system shows cracks, decentralized assets like Bitcoin and Ethereum become more valuable as alternatives. Policy uncertainty will increase volatility, presenting both risks and opportunities in the short term. Meanwhile, Trump’s historically inconsistent attitude toward the crypto industry might make this turmoil a breakthrough for the industry to gain political favor.

Interestingly, in the 1970s, Nixon’s government intervened in the Federal Reserve, ultimately leading to hyperinflation and currency devaluation. Savvy investors have already begun adjusting their allocations—when traditional financial foundations weaken, assets that do not rely on central bank credit tend to attract more attention. The privacy features of ZEC, the gold backing of PAXG, and the innovative value of new eco tokens like ASTER may be re-priced amid this upheaval.

Question for everyone: Can the independence of the Federal Reserve truly be broken? Will policy changes ultimately benefit crypto assets or trigger systemic risks? The flow of wealth in 2025 may well be decided in this game of "President vs. Central Bank."