Trump calls for 100bp rate cut, Bitcoin credibility reexamined

- Former President Trump Calls for 100bp Rate Cut - Strengthening Bitcoin Credibility Amid Global Tightening Fatigue [Unblock Media] On June 11, 2025 (local time), U.S. President Donald Trump stated on the social media platform 'Truth Social' that "the Consumer Price Index (CPI) for May came in lower than expected" and argued that "the Federal Reserve should cut the benchmark interest rate by 100 basis points (1%)." He added, "If this happens, the federal government's debt interest burden would also be significantly reduced," urging the Fed to shift to a more accommodative monetary policy. According to the U.S. Department of Labor, the May CPI rose 2.4% year-over-year, slightly below the market expectation of 2.5%. This is interpreted as a signal that inflationary pressures in the U.S. are easing. Trump had already demanded a "100bp rate cut" on June 6. Such remarks are significant not only for the global financial markets but also for the credibility assessment of cryptocurrencies, particularly Bitcoin (BTC). The current global economy is facing a combination of factors, including peak interest rate perception, geopolitical risks, and oil price volatility. Amidst this, Bitcoin is being re-evaluated for its value as a 'decentralized digital asset' that differentiates it from the traditional financial system. For instance, in the second half of 2024, when international oil prices (WTI) exceeded $90 per barrel, the market reflected the possibility of the Fed maintaining tightening, causing Bitcoin prices to adjust by more than 10%. Conversely, during the decline in oil prices at the end of 2023, both Bitcoin and NASDAQ saw an upward trend, reflecting a shift to a risk-on environment. This trend shows a chain reaction from oil price fluctuations → inflationary pressures → interest rate expectations → Bitcoin investment sentiment. Meanwhile, the regulatory environment for cryptocurrencies has recently been showing trends of easing or clarification. In the U.S., in May 2025, the SEC officially accepted the application for 21Shares' SUI spot ETF. This is interpreted as the starting signal for the altcoin ETF era following Ethereum. Additionally, it is known that the SEC recently reaffirmed its stance that Ethereum (ETH) is not considered a 'security.' In Europe, the MiCA (Markets in Crypto Assets) regulation, implemented at the end of 2024, will be fully applied from 2025, codifying requirements for stablecoin issuance and exchange operations, thereby enhancing market stability. In mainland China, cryptocurrency trading remains prohibited, but Hong Kong is continuing to strengthen its role as a Web3 hub. From the end of 2024, the SFC (Securities and Futures Commission of Hong Kong) has been actively granting licenses related to cryptocurrency exchanges and ETFs. Bitcoin, with its features of decentralization, fixed supply (limited to 21 million units), open-source foundation, and transparent blockchain records, is positioning itself as a digital store of value that is resistant to economic policy swings. As of 2025, Bitcoin's mining difficulty is hitting all-time highs, contributing to enhanced network security and credibility. Moreover, the influx of ETF investments by institutional investors, increased on-chain transaction volumes, and the growing holding rate of whales (large holders) indicate that Bitcoin is moving beyond a short-term speculative asset to a key asset within the real economy. Amid growing expectations for interest rate cuts, as highlighted by Trump's remarks, the trends towards the acceptance of cryptocurrencies within institutional frameworks and macroeconomic changes are contributing to the historical significance and investment credibility of Bitcoin. In the midst of traditional financial instability and government policy risks, Bitcoin is showing potential to establish itself as more than just digital gold, but as an alternative asset.