An independent Federal Reserve has long been the cornerstone of U.S. economic stability, but what happens when that foundation is shaken?In this week’s episode of Bits + Bips, the panel digs into one of the most dramatic threats yet to financial markets: Donald Trump’s suggestion that he could fire Fed Chair Jerome Powell. It’s not just political theater, it’s a potential major blow to the credibility of the U.S. dollar and the independence of the world’s most important central bank.Joining the panel is Zach Pandl, Head of Research at Grayscale, who explores why a rotation away from U.S. dollar assets might already be happening and what that means for bitcoin.Plus:Why the Fed’s independence is so crucialThe telltale signs of a structural capital rotation out of the U.S.Whether bitcoin has officially decoupled from equitiesHow young crypto HODLers will react to their first bear marketAnd why this moment may look more like Argentina than AmericaShow highlights:Sponsors:BitwiseHosts:Alex Kruger, Founder of AsgardRam Ahluwalia, CFA, CEO and Founder of LumidaSteven Ehrlich, Executive Editor at UnchainedGuest:Zach Pandl, Head of Research at GrayscaleLinksTrump Threatening PowellNew York Times: Risk of Financial Panic Tempers Trump on Firing PowellBarrons: Trump Calls Powell a ‘Major Loser.’ 3 Ways He Could Sideline the Fed ChairInconsistencies in Hard v. Soft DataWall Street Journal: Trump Is Everywhere Except in the Economic DataFederal Reserve Bank of Philadelphia: Carefully Balancing Both Hard and Soft Data in Policy DiscussionsDropping DollarCNBC: U.S. Dollar Falls to Three-Year Low as Trump’s Powell Threats Further Dent Investor ConfidenceNew York Times: The Dollar Keeps Falling as Its ‘Safe Haven’ Status Is QuestionedBitcoin DecouplingCNBC: Bitcoin Retakes $90,000 as Investors See It as Alternative to Diving Dollar and Turbulent StocksDecrypt: Bitcoin Decoupling? BTC Rises as Equity Markets SwoonTimestamps:👋 👀 👷📈📉 🚪 🤕 🔗 🧑‍💻 🧠 Learn more about your ad choices. Visit megaphone.fm/adchoices