- Trump’s remarks about firing Powell created headlines at the Saudi Investment Forum.
- No immediate verified cryptocurrency changes following the forum.
- DOGE saw speculative volume increasing post-Musk’s social media activity.
At the Saudi-US Investment Forum on November 20, 2025, notable figures like Donald Trump and Crown Prince Mohammed bin Salman discussed critical finance and technology partnerships in Washington, D.C.
Despite high-profile attendance, no verifiable statements about firing Federal Reserve Chair Jerome Powell emerged, leaving U.S. monetary policy unchanged with no direct cryptocurrency market impact.
Trump’s Critique of Powell Sends Ripples at Saudi Forum
Trump’s remarks regarding Fed Chair Jerome Powell at the Saudi Investment Forum have triggered speculation. The forum saw the presence of significant personalities like Elon Musk and Mohammed bin Salman. While the claims about Trump’s intentions appear unverifiable, the forum was dedicated to discussing major economic partnerships. Elon Musk, Chief Executive of Tesla and SpaceX, expressed his gratitude, saying, “Thank you President Trump for championing American innovation at the Saudi-US Forum.”
Market implications are minimal for cryptocurrencies, with no significant changes noted following the event. The broader focus remained on investment themes, excluding direct crypto implications. However, some indirect interactions on exchanges were observed, notably concerning DOGE.
Dogecoin Sees Buzz, Market Holds Amidst Political Drama
Did you know? In 2018, tensions between then-President Trump and Fed Chair Powell caused a spike in Bitcoin volatility as global risk sentiments shifted.
Dogecoin (DOGE) is currently valued at $0.16, with a market cap of $23.95 billion and a 24-hour trading volume of $2.19 billion, as retrieved from CoinMarketCap on November 20, 2025. DOGE’s recent 90-day price movement shows a decline of 27.55%, reflecting broader speculative trends.
Dogecoin(DOGE), daily chart, screenshot on CoinMarketCap at 08:49 UTC on November 20, 2025. Source: CoinMarketCap
Coincu’s research team suggests that the potential geopolitical tensions stemming from high-profile meetings might influence financial markets more broadly. Nonetheless, direct crypto impacts are minimal unless new policy frameworks emerge. Raoul Pal, CEO of Real Vision, notes, “US-Saudi deals signal more capital flows into tech and infrastructure, but no sign of direct crypto implications yet.”
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Source: https://coincu.com/markets/trump-criticizes-fed-chair-powell/
