📉 Economist Alex Krüger believes Bitcoin is not yet fully “priced in” until President Donald Trump announces his nominee to replace Federal Reserve Chair Jerome Powell.

Currently, markets are betting on a September rate cut, which is already seen as bullish for $BTC. However, the real breakout catalyst could come from Trump’s pick—especially if it’s a more dovish figure signaling looser monetary policy.

Powell’s term officially ends in May 2026, but Trump has already begun floating potential successors. CNBC reports as many as 11 candidates under consideration, including David Zervos (Jefferies), Rick Rieder (BlackRock), and former Fed governor Larry Lindsey. Some sources suggest the shortlist has already narrowed to 3–4 names.

The relationship between Trump and Powell has been tense for years. In April, Trump even declared: “Powell’s termination cannot come fast enough!” If Fed leadership changes, Bitcoin could be repriced rapidly by the market.

According to the CME FedWatch Tool, 83.9% of traders expect a rate cut at the Sept. 17 meeting. Coinbase’s David Duong added that significant retail capital currently sitting in money market funds could flow into crypto once Fed easing begins. 🚀
#Bitcoin Fed #Markets