Bitcoin Seen as Alternative Amid Fed Independence Worries -- Market Talk

Dow Jones01-13

1100 ET - The importance of cryptocurrencies to complement traditional financial systems is underscored by rising concerns about central bank independence, 21shares' Eliezer Ndinga writes. "Unlike conventional currencies that function as liabilities of a central bank, BTC is a non-sovereign asset independent of centralized oversight and intermediaries," he says. Ndinga adds that the digital currency is "free from political interference." Bitcoin's policy, he says, "remains predictable, transparent, and resistant to arbitrary change." Legal action against Fed Chair Powell was met with defiance last night, rekindling concerns about independence. Bitcoin has given up some of its overnight gains, but it's still up 1%, at $91,422. (paulo.trevisani@wsj.com; @ptrevisani)

 

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January 12, 2026 11:01 ET (16:01 GMT)

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