Judy Shelton Fed Hearing for Sept 4: Bitcoin Traders Guide
Senate Banking Committee go hold confirmation hearing for Judy Shelton nomination to Federal Reserve Board on September 4 by 10:00 p.m. Beijing time. Market people dey see Fed nomination hearings as major signs for future money policy and interest rate outlook. For Bitcoin traders, how liquidity take change and how regulators dey look matter fit affect how dem trade and crypto market risk mindset. Shelton dey push for low interest rates and gold-backed ideas fit mean Fed go dey more dovish if dem confirm am. Traders suppose dey watch the hearing progress for any indication of how Fed go take regard digital assets and make ready for price waka for Bitcoin and other big crypto markets. Bitcoin traders need adjust their positions before any possible wahala.
Neutral
Fed nomination hearin na procedural event wey fit show wetin fit happen for monetary policy but e no mean say immediate action go happen. Judy Shelton views fit mean say dem go soft small—wey fit good for risk assets like Bitcoin—but outcome never sure till dem vote. Historically, hearings dey cause short-term wahala for market, no be long term trend. Traders go see price dey waka as market dey reflect wetin testimony talk, but long term effect depend on Fed big-big decisions and economic data. So overall effect for crypto market go neutral, market go dey watch well but no sure direction till policy change show.