DOJ’s Move Against the Fed Shook Markets: What It Could Mean for Bitcoin
News of a DOJ investigation into Fed Chair Powell is shaking markets and renewing debate over Bitcoin's role as a hedge.Summary
The US Department of Justice (DOJ) is reportedly investigating Federal Reserve Chair Jerome Powell, escalating pressure on the central bank's independence. Powell stated that the threat of criminal charges stems from the Fed setting interest rates based on public assessment rather than presidential preference. This news has caused gold prices to hit record highs and the dollar to weaken, reflecting diminished investor confidence in US monetary policy reliability. While Bitcoin's immediate price movement has been limited, the situation has reignited the debate over whether Bitcoin functions as a non-sovereign hedge against institutional risk or remains primarily a speculative asset, especially if concerns about the US dollar persist.
(Source：BeInCrypto)