3 for Trump 11 Fed Chair Contenders dey Favor Cryptocurrency
President Trump don shortlist 11 pipo wey fit take over Jerome Powell as Fed Chair for May 2025, Treasury Secretary Scott Bessent go start interview dem after Labor Day. For inside di list, three people dem dey very friendly with cryptocurrency: Jefferies strategist David Zervos wey company dey support some platforms like eToro, Circle and Bullish, plus BlackRock CIO Rick Rieder wey see bitcoin as one important tool for how person fit arrange im money, together with Fed Governors Michelle Bowman and Chris Waller wey dey tell their staff make dem hold small crypto to sabi the technology and accept crypto payment as correct innovation. Powell still dey careful, e compare bitcoin to 'digital gold'. As Fed Chair dey control US interest rates and money flow, traders suppose watch how these candidates take dey talk about monetary policy and cryptocurrency well well because market hope for rate cuts fit push risk-assets flow, including digital currency like bitcoin.
Bullish
De emergence of at least three cryptocurrency-friendly Fed Chair contenders—Jefferies strategist David Zervos, BlackRock CIO Rick Rieder and Governors Michelle Bowman and Chris Waller—dey signal say Federal Reserve fit take better stance on digital assets. As markets dey price in US interest rate cuts, one chair wey dey sympathize with cryptocurrency fit boost liquidity and direct risk-asset flows go bitcoin and other digital tokens. Even though Jerome Powell dey cautious, one successor wey go embrace blockchain innovation and small-scale crypto adoption among staff fit reduce regulatory uncertainty, improve institutional backing and push crypto markets go up, making the outlook bullish.