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The competition for the Fed's leadership has gone crazy! Two 'Kevins' are battling it out, and is the crypto market about to welcome a liquidity feast? 马斯克概念小奶狗<p.u.p.p.i.e.s>可以关注一下！
The race for Powell's successor has suddenly reversed; a single statement from the CEO of JPMorgan has changed the situation! Originally seen as a sure bet, White House advisor Hassett is now tied with former Fed governor Walsh, as his prediction probability drops from 80% to 50%. This 'dual Kevin showdown' directly affects global asset nerves, and the crypto market finds itself at a crossroads!
The two candidates are almost like 'chosen opposites': Hassett is Trump's 'rate-cutting vanguard', always talking about 'ample room for rate cuts', treating low-interest car loans and mortgages as political promises, and focusing on 'short-term stimulus'. However, he has no practical experience with central banks and has publicly criticized the Fed's independence, making the market fear he might turn the central bank into a 'political tool', leading to uncontrollable long-term inflation—this could mean a 'short-term frenzy trading for a long-term minefield' for the crypto market.
Walsh, on the other hand, is a seasoned 'central bank veteran', having deeply engaged in monetary policy since the Bernanke era. He understands the market, knows how to balance it, and advocates for 'gradual rate cuts'. The CEO of JPMorgan supports him precisely because he can find a balance between rate cuts and inflation, avoiding a fractured yield curve. More importantly, he believes inflation is a 'policy choice', which will pressure fiscal and monetary cooperation; this prudent style could make liquidity more sustainable, allowing the crypto market to avoid guessing 'sharp turns'.
For the crypto circle, this choice directly determines the future trend: Hassett's ascendancy may trigger 'violent rate cuts', with short-term funds flooding in to push up BTC and ETH, but the backlash of inflation could lead to a crash; if Walsh takes the helm, it will be 'steady easing', although the momentum is slow, the expectations are steadier, and sectors like DeFi and ETFs can benefit steadily.
Now Trump has to choose between 'political gains' and 'market trust', with the outcome only visible early next year. Which Kevin do you favor more? Rapid rate cuts or prudent rate cuts, which is friendlier to the crypto market? Will BTC soar to $100,000 with this policy tailwind?