#比特币与黄金战争 Trump recently issued strong remarks on social media, explicitly demanding that the new Federal Reserve Chair cut interest rates proactively when the economic situation improves. He even declared: "Anyone who opposes me shouldn't even think about becoming the Fed Chair." These comments immediately sparked market reactions.

He pointed out the bizarre phenomenon of "bad news turning into good news"—when economic data improves, the stock market falls, because the market fears the central bank will continue to raise rates. Trump believes inflation will naturally subside and that rate hikes are unnecessary at this point.

It's important to note that Powell's term expires in May next year, making his successor a focal point. The leading candidates include Haskett (with about a 54% market probability) and hawkish figures like Kevin Waugh, who lean toward rate cuts. This political pressure has directly intensified concerns over the Fed's independence.

Interestingly, gold has become the biggest winner. During the Asian trading session on December 24, spot gold broke through the $4,500 per ounce level, reaching a high of $4,525.83 per ounce—a new all-time high. Silver followed closely, also hitting a record at $71.75 per ounce.

The logic behind this surge is quite clear: rising expectations of rate cuts + escalating geopolitical tensions + a weakening dollar + declining real interest rates, coupled with global central banks continuing to buy gold. These factors combined have naturally driven gold prices higher. Due to the Christmas holiday on December 25, trading was halted, and the previous high slightly retreated, with spot gold falling back to around $4,480 per ounce.

For the crypto world, this signal is very important. A strengthening gold market usually indicates increased risk aversion, which is positive for assets like $BTC that are dubbed "digital gold." If the Fed is truly forced to adopt a dovish stance, dollar liquidity will become abundant, and valuation space for risk assets will open up. Tokens like $DOGE and $ETH will also benefit. However, policy reversals and regulatory risks remain looming threats, and should not be taken lightly.