Federal Reserve Chair Jerome Powell's recent remarks have attracted market attention. He explicitly stated that the Justice Department investigation he faces is unrelated to his actual testimony and is fundamentally a manifestation of "political pressure." This game of chess seems to revolve around old cases, but in essence, it directly targets the Fed's rate-setting authority—will future policies be objectively based on economic data or influenced by political factors?

This is a question worth pondering. Once the independence of the Federal Reserve is compromised, the credit foundation that the traditional financial system relies on will be shaken. After investors lose confidence in central bank decisions, funds will seek alternatives. This is why, whenever macro risks escalate, decentralized assets begin to be reevaluated—they are not controlled by a single institution, have strong censorship resistance, and in the face of systemic risk, they become a hedging tool.

Short-term volatility always exists, but the long-term logic is clear: the greater the centralization risk in the financial system, the more attractive blockchain assets become as alternative stores of value. This is not hype, but a direct response to reality.