💥 Why It Matters (Especially for Crypto):
🔻 1. Jerome Powell = Hawkish Fed
Powell has been known for relatively tight monetary policy in recent years — i.e., higher interest rates to fight inflation.
• Tight policy = Less money circulating → Bad for speculative assets like crypto.
• Bitcoin, Ethereum, and altcoins tend to perform better when interest rates are low and liquidity is high.
🔀 2. New Chair = Policy Shift?
If Trump wins and appoints a new Fed Chair, it’s likely the pick will be:
• More dovish (i.e., in favor of lower interest rates),
• Possibly pro-growth and more aligned with Trump’s economic agenda, especially to boost stock markets.
🔮 Big Picture for Crypto Investors:
• Watch for Trump’s official Fed Chair pick if he wins the election.
• If it’s someone like Judy Shelton (previously mentioned as pro-gold, anti-Fed), it may signal weaker central bank control → bullish for decentralized assets like Bitcoin.
• Crypto markets may pre-price this as we move closer to U.S. elections and a potential Fed leadership change.
IMO! May be this will be the start of the Alt season ❤️
Coins to watch: $RSR $ARB $ENA
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Note: DYOR