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Analysis: Trump fired Powell or triggered a crisis similar to the Turkish lira, causing capital to flow to BTC and stablecoins

Internet reports that Trump plans to fire Federal Reserve Chairman Jerome Powell, but the experience of Turkey's central bank intervention seems to be a warning against this behavior. Turkish President Erodgan issued the first decree in July 2019 to fire the country's central bank governor Murat Cetinkaya. Later, a series of Turkish central bank interventions in 2020-21 led to the collapse of legal currencies and allowed capital to flow to BTC and stablecoins. Once Powell was fired, It may accelerate the sell-off of the dollar and then promote the adoption of Bitcoin. Data shows that the US dollar index has fallen by more than 10% in three months and is currently down to 98.

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