According to ChainCatcher, Trump plans to fire Federal Reserve Chairman Jerome Powell, but Turkey's central bank intervention experience seems to be a warning against such actions. Turkish President Erdogan issued the first decree to dismiss the country's central bank governor Murat Cetinkaya in July 2019. Subsequently, a series of interventions by the Turkish central bank in 2020-21 led to the collapse of the national currency and drove capital towards BTC and stablecoins. If Powell is fired, it could accelerate the sell-off of the US dollar and subsequently promote Bitcoin adoption. Data shows that the US dollar index has fallen by more than 10% in three months and has currently dropped to 98.
Analysis: Trump's dismissal of Powell may trigger a crisis similar to the Turkish lira, leading to capital flows to BTC and stablecoins
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