While the markets reel from Trump’s latest Fed shakeup, Bitcoin seems to be dancing to its own tune. President Trump’s nomination of Stephen Miran to the Federal Reserve Board has sent ripples through traditional markets, but crypto’s flagship asset couldn’t care less about Wall Street’s jitters. Following Miran’s September 2025 confirmation to fill Adriana Kugler’s vacated seat, Bitcoin surged a whopping 12% in just one week. Not bad for an “internet money” that was supposed to fade away years ago.
Bitcoin’s moonshot amid Fed drama proves once again that crypto plays by its own rules.
The nomination is no small matter. Miran joins a Fed Board increasingly populated with Trump-aligned voices, potentially shifting the central bank’s approach to monetary policy. His background in economic policy and financial regulation makes him a significant player in the Fed’s seven-member lineup. With Michelle Bowman appointed as vice chair for supervision in June 2025, Trump’s influence over monetary policy decisions has substantially increased. Markets hate uncertainty, and this move delivered it in spades.
Treasury yields jumped on the news. Equity markets wobbled. The dollar flexed a bit. But Bitcoin? It smashed through the $90,000 resistance like it wasn’t even there. On-chain data doesn’t lie – exchanges saw massive inflows as both retail traders and institutional players piled in. Stablecoin minting went into overdrive, pumping liquidity into the system and pushing prices higher. Bitcoin’s position as a safe haven asset with institutional confidence and limited supply of 21 million coins makes it particularly attractive during times of monetary policy uncertainty.
The market’s alarm stems from legitimate concerns. A Trump-influenced Fed might prioritize growth over price stability – music to Bitcoin’s ears but nightmare fuel for inflation hawks. Central bank independence? That concept seems increasingly quaint. Inflation breakevens have already shot up 20-25 basis points, suggesting bond markets are pricing in a looser monetary future.
International investors are getting cold feet too. Some are already shuffling their portfolios away from U.S. Treasuries. Meanwhile, Bitcoin’s correlation with tech stocks has strengthened, suggesting it’s riding the same risk-on sentiment wave.
For Bitcoin bulls, a growth-focused Fed signals potential debasement of fiat currency – exactly the scenario the cryptocurrency was designed to hedge against. The market’s pain could very well be Bitcoin’s gain.
