Trump is currently working hard to transfer tariff conflicts to deal with Powell and has opened fire on Powell. Knowing that Trump is a highly uncertain person, I thought Trump would bring extremely high uncertainty to the US stock market with highly concentrated liquidity. Now, what Trump has done far exceeds his first term. He said he was playing chess. He began to pay attention to the US trade deficit in the 1980s. He said he was smart. He wanted to bring the United States back to the industrial power in the late 18th and early 19th century. He used tariffs to offset personal income tax. It was a bit against Tiangang. On the other hand, Wall Street institutions have issued warnings of a decline in the long-term dominance of the US dollar, especially BlackRock CEO believes that the US dollar cannot become the dominant reserve currency in the long run. Regardless of whether China and the United States reconcile, US capital and companies will face huge business adjustments. Trump's cabinet Secretary of Treasury and senior advisers have presented two different ideas. Bescente warned Trump that the removal of Powell would trigger market turmoil, and the core lies in the independence of the Federal Reserve to extend the strong triangle structure of the US dollar, US bonds and reserve currencies.
I think the internal contradictions in the United States are far greater than external contradictions. Some time ago, Trump initiated the rectification of Wall Street and Silicon Valley, and now Trump wants to rectify the Federal Reserve. At present, any financial market is political economy, and Trump's frequency of influence on the market is getting higher and higher. He is no longer engaging in politics in the financial market, but politicizing the financial market itself.
The good news is that Powell supports the acceleration of the legislation and issuance of stablecoins for the first time. After the stablecoins are legislated, the currency circle should enter more giants and institutions, and the application of cryptocurrencies will also be greatly expanded. Many coins should soon win the dead tree, and maybe two or three weeks left, and maybe it will start next week.
$BTC $ETH $BNB #btc #eth #bnb
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