Crypto investor Anthony Pompliano has warned that firing U.S. Federal Reserve Chair Jerome Powell could set a dangerous precedent—especially for crypto and Bitcoin investors.
In a video posted on X, Pompliano responded to Donald Trump’s April 17 post on Truth Social, where the former U.S. president said, “Powell’s termination cannot come fast enough!” Trump accused Powell of being too slow in cutting interest rates.
Pompliano pushed back, saying, “I do not believe that the President of the United States should come in and unilaterally fire the Fed President.” He added, “Where you have a disagreement and then the firing, I think that’s not really the area that we want to go into.”
Lower interest rates usually pump more liquidity into markets, which often drives Bitcoin and other crypto prices higher. But Pompliano warned that removing Powell over policy disagreements could trigger instability in financial markets.
Even though Pompliano believes the Fed is “highly politicized,” he stressed that two wrongs don’t make a right. “Just because somebody else is doing something wrong doesn’t mean that you should do something wrong.”
Senator Elizabeth Warren also echoed concerns, saying that firing Powell could shake investor confidence and potentially crash the markets. Meanwhile, Powell recently acknowledged crypto’s growing importance, calling for a legal framework for stablecoins during an April 16 event in Chicago.
With crypto markets tied closely to interest rates and regulation, any political shake-up at the Fed could have major effects on Bitcoin and beyond.
Also Read: Charles Hoskinson Predicts Bitcoin Will Hit $250K by End of 2025
