Trump May Replace Fed Chair Powell – Bitcoin Poised for a Breakout

Former U.S. President Donald Trump has once again sparked speculation about removing Federal Reserve Chair Jerome Powell if re-elected. Though Powell’s term ends in May 2026, Trump claimed a new pick could be announced “very soon,” rattling traditional and crypto markets alike.

Back in April, similar remarks caused the U.S. Dollar Index to fall and Bitcoin to rise, highlighting how sensitive markets have become to political influence on monetary policy.

While legally Trump cannot immediately remove Powell without cause, experts suggest he may explore loopholes or announce a successor early, increasing uncertainty.

Crypto analysts say a new Fed chair aligned with Trump’s looser monetary stance could flood markets with liquidity, potentially kicking off the long-awaited altcoin season. Others warn of legal and financial chaos.

As Trump criticizes Powell’s leadership and calls for aggressive rate cuts, Bitcoin is climbing again, with analysts setting their eyes on $105,000. Whether this leads to a bull run or systemic shock remains to be seen—but the stage is set for high-stakes volatility in both TradFi and crypto.