On December 23, Ross Gerber, president and CEO at Gerber Kawasaki, tweeted that Donald Trump might be setting up a huge bitcoin rally, without giving so much as an ounce of explanation

There is Trump’s ongoing war of words with the Federal Reserve (FED). The streak of recent rate hikes by the FED has added fuel to the fire and spooked the markets. Donald Trump reportedly wants to know if he can fire Chairman Jerome Powell … until he realized he couldn’t. Trump has been fiercely criticizing the Federal Reserve’s rate hikes in public, and calling it “the only problem” with the economy.

Trump believes the Fed is out of touch with the market as the current tapering of QE could bring about another recession if not worse. What’s more, Treasury secretary, Steven Mnuchin even went as far as calling the CEOs of the nation’s six largest banks, to check that they had sufficient liquidity. Though, he may have inadvertently caused just the sort of panic he was trying to avoid.

Relative to the world’s biggest cryptocurrency, the Fed’s monetary easing is seen as a positive for hard money like Bitcoin as inflating the money supply should, at least in theory, boost BTC price $3837.77 +0.27% in USD terms moving forward.

THEN THERE’S THE SMALL MATTER OF A GOV’T SHUTDOWN

Meanwhile, the president has dug in his heels and closed down the government because Democrats wouldn’t give him $5 billion to build a wall. Mulvaney said that this situation may continue beyond the current projection of 28th December, and last until Congress reconvenes in January.

That would be the new Congress reconvening, with a Democrat majority, meaning a likely roadblock for wall funding. President Trump has simply said that this standoff could go on for a “very long time.”

In other words, economic instability, potential bank failures, and political uncertainty.

Therefore, it’s no surprise that some investors and money managers are seeing this tug-o-war between the Fed and Trump as a net positive for Bitcoin.

But is it so unbelievable that Trump really could spur a huge Bitcoin rally? The current ‘Santa rally‘ in cryptocurrencies could be a start. And arguably, he may have had some kind of hand in the last moonshot as Bitcoinist predicted that the Trump presidency would likely have a positive effect on Bitcoin price in early 2017.