📉 Economist Alex Krüger believes that Bitcoin has not yet truly been "priced in" until President Donald Trump announces a successor to Fed Chairman Jerome Powell.

Currently, the market is betting on a rate cut in September, which has already been a positive factor for $BTC. However, the more explosive factor could come from Trump's chosen one – especially if it is a face that leans towards easing monetary policy.

Powell's term ends in May 2026, but Trump has begun to consider a replacement. CNBC reveals that there are up to 11 candidates, including David Zervos (Jefferies), Rick Rieder (BlackRock), and former Fed Governor Larry Lindsey. Some sources indicate that the list has been narrowed down to 3–4 people.

The relationship between Trump and Powell has long been tense. Last April, Trump even declared: "Powell’s termination cannot come fast enough!" If there is a change in leadership at the Fed, Bitcoin may be quickly revalued by the market.

According to CME FedWatch, currently 83.9% of traders expect the Fed to cut interest rates on September 17. David Duong from Coinbase added that retail money sitting in money market funds could flow into crypto as the Fed begins to ease. 🚀
#Bitcoin Fed #Markets