CoinDesk Podcast Network Why Trump Would 'Love' Fed Chair Powell to Quit; Strategy Bags Another 4,980 BTC | COINDESK DAILY
Jun 30, 2025
In a bold move, President Trump expressed his desire for Fed Chair Powell to resign while pushing for lower interest rates. Meanwhile, Bitcoin hovers around $107,500 as Michael Saylor's strategy led to a staggering purchase of 4,980 BTC. The podcast also uncovers a major $540 million crypto fraud bust in Spain, showcasing global law enforcement collaboration. Tune in for insights into the evolving crypto landscape and the political implications of Trump's comments!
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Trump Wants Rate Cuts, Powell's Exit
- President Donald Trump wants interest rates cut to 1% and would "love" Fed Chair Jerome Powell to resign.
- The Federal Reserve is unlikely to lower rates unless the labor market weakens soon.
Strategy Boosts Bitcoin Holdings
- Michael Saylor's company Strategy bought nearly 5,000 Bitcoin last week, raising its total to over 597,000 BTC.
- The Bitcoin stack's value now exceeds $64 billion and Strategy outperformed major stocks in the last year.
Access Cash Without Selling Bitcoin
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