Bitcoin May Soar to Unbelievable Heights as Fed Independence Shakes: Here’s Why

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Ah, Bitcoin, the rebellious young prodigy of the financial world, might be on the verge of rewriting history and achieving new all-time highs, all thanks to… the very independence of the US Federal Reserve? Yes, you heard it right. As concerns swirl over the potential meddling with the Federal Reserve, especially with US President Donald Trump reportedly wondering if he can toss Jerome Powell out of his comfy chair before 2026, Bitcoin could very well make its next wild leap upwards.

Is Bitcoin About to Break All Records? Hold onto your wallets!

Bitcoin, that glittering digital treasure, has crossed the $90,000 mark for the first time since March, not due to some magical fairy dust, but due to the mounting uncertainty that looms over the macroeconomic landscape. Oh, and let’s not forget the little issue of tariffs, the sort of trade skirmishes that have a way of making prices dance like they’re auditioning for a Broadway show.

But that’s not all, folks. The pressure campaign led by Trump against Powell is more than a mere sideshow. Trump is out there waving his hands, yelling about the economy slowing down unless interest rates are slashed like a Black Friday discount. Meanwhile, Powell is like the calm philosopher, sitting back, uninterested in cutting rates unless the data tells him to. Why rush when you’re living the high life of financial stability, right?

Trump, never one to shy away from colorful language, recently claimed that there’s “virtually no inflation” in the US. But wait—just in case you missed the irony—he also warned of an economic downturn unless those interest rates are swiftly cut. Quite the juggling act, isn’t it? Oh, and let’s not forget, Trump himself appointed Powell as the head honcho of the Fed back in 2016. Ah, the sweet smell of political nostalgia.

In the midst of this chaos, Geoff Kendrick, Standard Chartered’s Head of Digital Assets (a title that surely makes him sound like a wizard), warns that Trump’s actions could undermine the independence of the Fed. And guess what? This could be fantastic news for Bitcoin, the financial rebel. According to Kendrick, Bitcoin, with its decentralized ledger, might just be the perfect hedge against the sort of risks that a system like this presents.

“The yield premium investors are demanding to buy long-dated Treasuries versus short-dated ones has risen sharply, and this is benefiting bitcoin.”

Now, don’t get too comfortable. The 10-year Treasury yield just made a small upward tick, reaching 4.425%. If this doesn’t sound like much to you, don’t worry. It’s the financial equivalent of a sudden spike in interest rates—something that usually triggers a collective gasp across Wall Street. Rising borrowing costs? Not a good thing for economic growth. But for Bitcoin? Well, it might be just the thing to send it soaring.

Earlier this year, Standard Chartered made a bold prediction: Bitcoin could hit $200,000 by the end of 2025. The current all-time high, as of January 20th, sits at $108,786, but who’s to say what will happen when this digital storm hits?

Bitcoin Technicals Say “Let’s Go to the Moon!”

It’s not just the fear and uncertainty that’s driving Bitcoin to new heights. No, there’s also some good ol’ technical analysis on the horizon. The TD Sequential just flashed a buy signal on Bitcoin’s weekly chart. For the uninitiated, that’s like a green light for potential gains. 🚦

But it doesn’t stop there. The Bitcoin whales (those large-scale investors who probably have more Bitcoin than you’ll ever see in your lifetime) don’t seem fazed by the tariff drama. On-chain data shows they’re happily stacking up their BTC reserves. Must be nice to have that kind of confidence, right?

And if that wasn’t enough to fuel your optimism, Bitcoin’s network fundamentals are looking stronger than ever. The hashrate recently hit a new all-time high, proving that the Bitcoin network is as resilient as a bouncer at a nightclub. No one’s getting past it easily.

But wait, there’s more! Crypto analyst Master of Crypto (seriously, that’s the title) suggests that Bitcoin may be mirroring the historical power curve of gold. If this is true, BTC could potentially skyrocket to $450,000 by the end of 2025. Yes, you read that right—four hundred and fifty thousand dollars. Time to start saving those pennies! 💰

At the time of writing, Bitcoin is hovering around $90,957, up 3.3% in the last 24 hours. Not too shabby, right?

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2025-04-23 03:41