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MicroStrategy CEO Michael Saylor recently did something crazy - he destroyed the private keys to 17,000 Bitcoins. $1.5 billion, permanently locked away in the Blockchain. He left only one sentence on social media: "This is my legacy."
The crypto circle is in turmoil. Some criticize him as a spendthrift, while others dub him the "Father of Deflation." But what is more intriguing is the timing.
Almost at the same time, Trump's old video on "Federal Reserve Chair selection criteria" was circulated wildly again. In the video, he said plainly: "Whoever promises to cut interest rates gets the position." Looking back at his term, where he changed three Federal Reserve Chairs, each time stuck at the interest rate turning point, this logic becomes clear.
The two issues seem unrelated, but they both fundamentally challenge the underlying logic of traditional finance. On one side is a complete supply contraction — 17,000 BTC permanently exiting circulation, with deflationary effects reaching their peak; on the other side is the ongoing erosion of central bank independence, with monetary policy increasingly resembling a political tool.
Traders have been adjusting their models. Some joked about adding a "White House Pressure Coefficient" to predict interest rate trends. Coin holders are fervently discussing whether Saylor's move is a parallel to Satoshi Nakamoto—using permanent destruction to prove Bitcoin's ultimate value storage property.
The recent trends of BTC, ETH, and XRP can reveal some insights. When the independence of the Federal Reserve becomes a question mark, and when billions in assets can be destroyed at will, the crypto market is indeed reconstructing its value system with a different logic.
When Powell speaks next, will you first look at the meeting minutes or check Trump's Truth Social? This question itself is quite revealing.