If Trump selects a "straightforward" Federal Reserve Chairman, the crypto market may face significant changes.
Brothers in the crypto circle, we really need to keep an eye on the recent happenings over in the U.S. Treasury Secretary Yellen just hinted that Trump is likely to interview one or two candidates for the Federal Reserve Chairman this week. The key point is that Trump is particularly direct when discussing policies in interviews; he says exactly what he means without beating around the bush.
As soon as I heard this, my heart sank a bit. Who the Federal Reserve Chairman is, is no small matter; it directly controls the throat of U.S. monetary policy. You all know Trump; he has a tough style. If he really selects a Federal Reserve Chairman who is as straightforward as he is, then the upcoming decisions on interest rates and monetary easing will surely change dramatically. For us in the crypto space, this is a major signal—if the dollar trembles, global funds will surely scatter, and the prices of assets like Bitcoin and Ethereum will definitely go on a roller coaster ride.
Personally, I think the market needs to stay alert now. With the Federal Reserve about to change leadership, uncertainty will definitely increase, but opportunities often hide within chaos. Trump loves to play by his own rules, and if he chooses an unexpected candidate, we can expect short-term market fluctuations. Those of us dealing in cryptocurrencies need to be sharp and not get scared off by volatility.
Be cautious in the short term while observing, but in the long term, any policy change is an opportunity for a reshuffle. In short, don’t treat this as mere excitement; it could directly determine the market direction for the second half of the year and even next year.
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