“Powell is out, is crypto liberated”? Don't rush to ignite
A prominent figure on social media shouted: On April 16, farewell, Powell! The Federal Reserve is changing, and crypto is completely liberated!
Background: Kevin Walsh's hearing is approaching, and the market expects the Powell era to end soon.
The tweet claims: Walsh will "kill the inflation demon, end the crazy money printing," and Bitcoin and Ethereum are about to welcome the "bull market engine igniting, liquidity surging."
Rational analysis
1. Powell's term: Powell's term as chairman of the Federal Reserve lasts until May 2026. If Walsh takes over, the policy direction may indeed change. However, "completely liberated" is overly dramatic.
2. Walsh's stance: Walsh is known for being "hawkish," advocating for monetary tightening and controlling inflation. If he takes office, it may be more contractionary in the short term, rather than immediately loosening. The tweet depicts him as "ending money printing" correctly, but this may not be a positive for crypto in the short term—tightening liquidity usually suppresses risk assets.
3. The real drivers of the crypto market: While liquidity is certainly important, the halving cycle, spot ETF capital flow, and macro geopolitical conflicts are equally crucial. Changing a person does not mean a bull market will automatically start.
Summary in one sentence
If Powell leaves, it may indeed change the Federal Reserve's communication style and rhythm
But "crypto is completely liberated" is an emotional expression, don't get too carried away
A real bull market requires fundamentals, liquidity, and emotional resonance, not just a change of chairman to ignite it
Do you think replacing Powell will instantly launch the crypto market? Or is it just changing to another "tightening spokesperson"?
Let's discuss in the comments $BTC $ETH #Bitmine新增质押ETH
A prominent figure on social media shouted: On April 16, farewell, Powell! The Federal Reserve is changing, and crypto is completely liberated!
Background: Kevin Walsh's hearing is approaching, and the market expects the Powell era to end soon.
The tweet claims: Walsh will "kill the inflation demon, end the crazy money printing," and Bitcoin and Ethereum are about to welcome the "bull market engine igniting, liquidity surging."
Rational analysis
1. Powell's term: Powell's term as chairman of the Federal Reserve lasts until May 2026. If Walsh takes over, the policy direction may indeed change. However, "completely liberated" is overly dramatic.
2. Walsh's stance: Walsh is known for being "hawkish," advocating for monetary tightening and controlling inflation. If he takes office, it may be more contractionary in the short term, rather than immediately loosening. The tweet depicts him as "ending money printing" correctly, but this may not be a positive for crypto in the short term—tightening liquidity usually suppresses risk assets.
3. The real drivers of the crypto market: While liquidity is certainly important, the halving cycle, spot ETF capital flow, and macro geopolitical conflicts are equally crucial. Changing a person does not mean a bull market will automatically start.
Summary in one sentence
If Powell leaves, it may indeed change the Federal Reserve's communication style and rhythm
But "crypto is completely liberated" is an emotional expression, don't get too carried away
A real bull market requires fundamentals, liquidity, and emotional resonance, not just a change of chairman to ignite it
Do you think replacing Powell will instantly launch the crypto market? Or is it just changing to another "tightening spokesperson"?
Let's discuss in the comments $BTC $ETH #Bitmine新增质押ETH