Bitcoin Hacks the Ledger: 92k and the Fed in Flux

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Bitcoin, that stubborn coin which refuses to retire to the drawer of dull realities, forced its way above the 92,000 threshold on a Sunday’s whisper. In the same corridor where lawsuits loom like stern librarians, a legal storm gathered: subpoenas, a criminal probe, and the rumor that political pressure wears the borrowed shoes of rate policy. A spectacle worthy of a late-night Moscow corridor play, with the telegraph wires buzzing and the coffee a little too strong. 💼🪙😂

In a video released as if from the backroom of power, Powell faced the lens with the gravity of a cleric reciting a ledger. To the President, he addressed a line that sounded both solemn and suspiciously auditable: “The threat of criminal charges is a consequence of the Fed setting rates based on our best assessment of what will serve the public, rather than following the preferences of the President.” A sentence that could double as a weather report for the market, if weather included subpoenas and subpoenas wore ties. 🧭🤖

BREAKING: Fed Chair Powell responds after Federal prosecutors open a criminal investigation into him:

“The threat of criminal charges is a consequence of the Fed setting rates based on our best assessment of what will serve the public, rather than following the preferences of…

– The Kobeissi Letter (@KobeissiLetter) January 12, 2026

The Crypto Chorus Responds

The Bitcoin chorus lifted its chorus higher, and even the metals marched to new peaks, as if tuned to a cosmic metronome. Will Clemente tweeted with the mercurial breath of a fortune-teller: “This environment is literally what Bitcoin was created for. The President is coming after the Fed chair. Metals are ripping as sovereigns diversify reserves. Stocks & risk assets at record highs. Geopolitical risk rising.” 😎💥

Alex Thorn of Galaxy sharpened the contrast to a blade: Bitcoin’s “credibly neutral, predictable, transparent, and censorship resistant” policy looks pretty good when Powell calls subpoenas mere “pretexts” for meddling in policy. A scene where the magician’s wand keeps its promise even as the hat pretends to be a bank vault. 🧙‍♂️🔮

Other voices widened the lens beyond the man in the chair. Jeff Park of Bitwise warned that independence alone cannot be virtue when the institution at its core is “incompetent,” while Walker-a familiar chorus in the Bitcoin salon-declared the root issue to be a centralized cabal of unelected banker-bureaucrats who price money and conjure it from thin air. A caricature, perhaps, but a page-turner. 🪄💬

Even those lacking sympathy for Powell found reasons to smirk. Strive CEO Matt Cole confessed “zero sympathy” for the Fed chair, accusing the central bank of “gaslighting” the nation about independence, and concluded with a wink: “Bitcoin is even more underpriced than we realized.” 💎😂

Bitcoin’s climb through 92,000 stitched the political-legal drama into a price chart, yet the same feedback loop that fuels the “neutral money” thesis could also fuel volatility. The Kobeissi Letter noted that after a year of silence in the face of Trump’s criticisms, Powell finally spoke; they warned that “Trump vs Powell will result in even more volatility.” ⚖️💥

As the scene stood, Bitcoin traded near 91,560 dollars, a figure that might provoke a chuckle from a fortune teller with a calculator. A moment when reality and rumor share a stage, and the audience keeps checking the ticker like a magician glancing at the rabbit. 🐇💬

Bitcoin price chart dramatic montage

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2026-01-12 13:19