Just today, Trump stated in an interview:
The interview process for the next Federal Reserve Chair has already begun, with three candidates, all from Wall Street.
This news may seem like a personnel change, but in my view, it looks more like a signal that the crypto world is about to welcome a new round of stormy changes!
First, let's look at the background: Why does Trump want to select 'Wall Street people' in advance?
This time it's not just a procedural formality; Trump is personally stepping in to lock in candidates in advance. This sends two super critical signals:
The process of 'Wall Street-ification' of the Federal Reserve has been fully initiated.
Once one of the three candidates with a 'market mindset' is selected, the Federal Reserve will completely transform from 'regulatory bureaucrats' to 'financial players'!
The crypto market will be one of the main focuses for the next chair.
In recent months, Trump has frequently sent 'signals' to the crypto community in public, from criticizing CBDC to expressing the desire to 'make America lead blockchain', and now directly choosing people from Wall Street, clearly paving the way for the upcoming 'integration of cryptocurrencies into national financial strategy'!
Why must the crypto community pay attention to this change?
All three candidates are from Wall Street, which means:
They understand Bitcoin!
Wall Street has no one who doesn't study BTC, from MicroStrategy's Saylor, to BlackRock's Fink, and to JPMorgan's crypto researchers, Wall Street is no longer a 'layman' but rather a 'market maker'.
They embrace the ETF logic!
Once the Federal Reserve is controlled by such people, it will be more inclined to support the financialization of crypto assets, including:
Further promote the approval of ETH spot ETF.
Allow the banking system to hold BTC as reserves.
Provide USDT/USDC with more 'official compliance channels'.
They are afraid of inflation, but even more afraid of 'missing the era's dividend'!
Wall Street-style Federal Reserve focuses more on cyclical arbitrage, understanding how to 'play the game' using interest rate cuts, money printing, and liquidity. What does this mean for the crypto market? The leveraged bull market is not far away!
Fuxiang's view: This scene is very similar to the eve of the 2019 Libra explosion!
I personally believe that this round of Federal Reserve leadership change will become the ignition key for the new order of US debt - US dollar - crypto.
Don't forget, Wall Street supports efficient finance, and Bitcoin is the 'alternative collateral' outside this system. They are not here to suppress but to 'recruit'!
In short, the sky in the crypto world is about to change!
Many people are still entangled in technical aspects and small price fluctuations. But if you see 'who decides the Federal Reserve Chair', you will find:
We are not trading candlesticks, but gambling on the future financial power structure.
2025 will be the inaugural year of the 'on-chain Federal Reserve'! When Trump personally selects a 'financial player who understands crypto' to lead the world's strongest central bank, we should understand:
A true bull market is not created by rising prices, but by being selected.