A recent buzz has been sweeping the headlines: Trump revealed in an interview that he has already tentatively chosen the next Federal Reserve Chair, but has not made it public yet. Once the news broke, the market instantly exploded.

Why is everyone so focused on this? Simply put, the position of Federal Reserve Chair is too critical. Every move this person makes can influence the global asset pricing. Although Trump didn't specify who exactly it would be, his words made it clear: the White House is planning ahead for future monetary policy. Considering that Trump has been criticizing high interest rates recently, the market is speculating that the new chair might be more inclined to support rate cuts and prioritize economic growth.

What does this mean for the crypto world? In simple terms—liquidity could become more relaxed. A Fed Chair favoring rate cuts would mean that money in the market might flow out more easily. This directly stimulates investor nerves. Movements in US Treasury yields, the dollar, and risk assets all follow this news. For BTC and other cryptocurrencies, a loose liquidity environment has always been a positive signal.

But don’t jump to conclusions just yet. Trump emphasized that this is still his personal preliminary idea, and the official appointment still needs to wait. However, this statement alone is enough to prompt the market to start reassessing expectations. Before the new chair officially takes office, discussions about the Fed’s independence, policy continuity, and rate cut pace are likely to become even more heated. This suspense is now becoming a new key variable in the financial markets.