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The grand drama in the financial world is unfolding. JPMorgan Chase CEO Jamie Dimon suddenly spoke out publicly, calling out the idea of "interfering with the Fed's independence" as a bad plan. Subsequently, major institutions like the European Central Bank, the Bank of England, and the Bank of Canada stepped forward together, with over a dozen central bank governors issuing a rare joint statement, voicing support for Powell and the Fed's independence.
Such a scene is indeed rare. It appears to be about the renovation budget of the Federal Reserve building, but in reality, it’s the old routine of political pressure demanding rate cuts. However, this time, the core rule of the traditional financial system—the independence of central banks—has been openly challenged.
What does this mean for the crypto world? In simple terms, the more the trust in institutional finance wobbles, the more attractive decentralized assets become. When central banks around the world are worried about their independence being eroded, Bitcoin’s characteristics of "not belonging to any country and resisting intervention" become the most hardcore hedging tool. This high-level game is actually providing the entire crypto market with the strongest macroeconomic driving force.
The question is: can this battle for central bank independence ultimately shake the very foundation of the dollar system?