Latest Rumor Could Spark Massive Bitcoin and XRP Price Rally On Monday

A post from crypto commentator Bitcoin for Freedom (@BTC_for_Freedom) on X has triggered renewed speculation across digital asset markets. The account claimed that Federal Reserve Chair Jerome Powell will resign on Monday. The post concluded with a bold prediction of the future of digital assets. In a follow-up , he reaffirmed a $1 million Bitcoin price target for 2025. Powell’s Stance on Monetary Policy The rumor arrives at a pivotal time for U.S. monetary policy and crypto regulation. Powell, whose current term runs through May 2026, has historically resisted political pressure, including recent calls from President Trump to lower interest rates. His stance has often placed him at odds with pro-crypto advocates who argue that tight monetary policy stifles digital asset growth. While he does not see cryptocurrencies as a stability concern for the U.S., many in the crypto space do not appreciate his approach to inflation and interest rates. The Federal Reserve’s series of rate hikes from 2022 through 2024 contributed to a broader risk-averse sentiment, weighing on speculative assets including Bitcoin and XRP. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Why Hasn’t Trump Fired Powell? Powell has maintained his commitment to central bank independence. He resisted speculation that he would yield to political shifts following Trump’s return to office. Despite the resignation of other key officials such as former SEC Chair Gary Gensler , Powell had previously indicated he would remain in his role and fulfill his term. He emphasized that the Federal Reserve’s independence “is a matter of law,” reinforcing the idea that he could not be removed without cause. This resistance led to speculation on ways Trump could remove him from his position without directly firing him. Potential Impact of Powell’s Resignation If the rumor of Powell’s resignation proves accurate, the implications for the crypto space could be substantial. Trump has already signaled a strong pro-crypto posture, most notably through the appointment of Paul Atkins , also known for his crypto-friendly views, as SEC Chair. A vacancy at the Fed would present the opportunity to appoint a central bank leader who favors lower interest rates and a more accommodative monetary policy. Such a shift could act as a powerful catalyst for digital assets. Investors often interpret lenient monetary policy as supportive of risk-friendly environments, where assets like XRP thrive. Trump’s administration has brought many positive changes. He initiated the conclusion of multiple crypto-related lawsuits, including the XRP lawsuit, which is nearing an official settlement . A new Chair with a softer stance on inflation and a willingness to tolerate increased liquidity could reinforce bullish momentum in the crypto market, giving XRP and other U.S.-based assets a major boost. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Latest Rumor Could Spark Massive Bitcoin and XRP Price Rally On Monday appeared first on Times Tabloid .

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