Bitcoin No Dey Priced Until Trump Name New Fed Chair
Economist Alex Krüger dey warn say Bitcoin traders never still factor in say Federal Reserve policy go soft. Even though market dey expect rate cut for September, Krüger talk say Bitcoin strong potential depend on who US President Donald Trump go pick to replace Fed Chairman Jerome Powell. Powell term go end for May 2026, Trump dey consider people like Jefferies strategist David Zervos, BlackRock’s Rick Rieder and former governor Larry Lindsey. The correct pick fit make Bitcoin gain more waka, as e recently fall 6% from im all-time high of $124,128 to about $115,150. Market feelings still dey hopeful: over 83% of CME FedWatch participants dey predict rate cut for September, wey fit open moni wey dey shelve for retail side.
Bullish
Krüger analysis dey suggest say market never pack in di dovish Fed change wey relate to Trump pick for Fed chair. Historical tin show say dovish policy announcement dem, especially Fed rate cut dem, dey usually boost risk asset dem like Bitcoin. Wit more than 83% of traders bet say rate go cut for September and retail capital just dey wait gidigba, di announcement of more dovish nominee fit make buying pressure rise again. For short and long term, if dem confirm Fed chair wey go prefer lower rates, e go help support higher Bitcoin price by lowering opportunity costs and improving liquidity.