Trump’s New Fed Chair: A Bitcoin Boost? 🚀💰

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The tenure of the present incumbent of the Federal Reserve, Mr. Jerome Powell, concludes in May 2026, a date as certain as the rising of the sun.

Yet, the most ardent admirer of the digital coin, President Trump, seeks to secure his successor with the alacrity of a man pursuing a well-timed ball.

Meanwhile, the incoming steward shall commence their duties with the vigor of a spring breeze, should the nomination be confirmed next May.

U.S. Treasury Gives Crypto Nod On New Fed Chair?

President Trump, ever the visionary, is likely to unveil his chosen successor by the festive season of Christmas.

Mr. Scott Bessent, the U.S. Treasury Secretary, declared on November 25th, “I think there’s a very good chance that the president will make an announcement before Christmas.”

“We’ve reached a juncture where monetary policy has grown excessively intricate, and it is not merely about trimming rates.”

Bitcoin’s price, ever the fickle lover, surged following Trump’s proximity to selecting his new Fed chair. A cadre of affluent Bitcoin holders, akin to the gentry of yore, spearheaded the ascent. Yet, now that the commotion has subsided, and weeks have passed since Bessent’s November musings, here are four reasons why Bitcoin enthusiasts may rally once more.

Trump Is Pro Low Interest Rates

President Trump, a most fervent advocate of low interest rates, has long championed the cause of economic growth through such means.

Some economists, ever the pedants, argue that such policies lead to misplaced capital. Yet, Trump, with his unyielding confidence, believes the economy’s insatiable thirst for liquidity cannot be satiated.

Markets, both stock and crypto, have teetered in Q4 over the Fed’s potential rate cuts-a certainty as probable as the dawn of a new day.

Indeed, Trump has been unusually vocal, publicly chastising Powell and Yellen for their reluctance to lower rates as he deems necessary.

He even threatened to dismiss Bessent should the Treasury Department fail to sway Powell and the FOMC toward rate cuts in December.

Thus, a Trump-nominated Fed chair shall surely reflect his views on U.S. lending rates-a boon for Bitcoin, whose supply/demand dynamics are as clear as the nose on one’s face.

When rates ascend, Bitcoin’s price plummets; when they descend, BTC ascends. A most straightforward equation.

Trump Is Also Pro Bitcoin

Moreover, President Trump is not merely a devotee of low interest rates; he is a most resolute champion of the digital currency.

In March, Trump proclaimed on Truth Social, “A U.S. Crypto Reserve shall elevate this critical industry… I shall ensure the U.S. is the Crypto Capital of the World.”

In a recent “60 Minutes” interview, he declared, “I only care for one thing-will crypto be number one in America? For in crypto, there is but one champion.”

“I wish to make crypto great for America. That is the sole concern. For currently, we are number one by a long shot. I shall keep it so.”

The Fed, as the overseer of its member banks, plays a pivotal role in their Bitcoin offerings. The president has made his priorities abundantly clear, and a Trump-backed Fed chair shall undoubtedly bolster Bitcoin’s value.

Likely Fed Chair Pick Is Pro Crypto

Mr. Kevin Hassett, the Director of the United States National Economic Council, graces Trump’s shortlist.

His ties to crypto, cultivated through his tenure at the White House Economic Council, are as robust as a well-secured marriage.

Some publications have dubbed him a “crypto super bull,” though the true test lies in his potential ascension to the Fed’s helm.

Wall St. Will Go Risk On

Spot ETFs for Bitcoin, those paragons of financial innovation, wield immense influence over its price.

Like the markets themselves, Wall Street’s exchanges turn bullish when the Fed lowers rates. The influx of capital, akin to a deluge, lifts all asset prices.

Since the launch of spot Bitcoin ETFs in January 2024, a persistent correlation between ETF flows and Bitcoin’s price has emerged-a relationship as tight as a well-fitted gown.

And Wall Street, ever the opportunist, adores these spot Bitcoin funds. 📈

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2025-12-08 23:09