The recent meeting at the White House was quite informative. Trump directly labeled economist Hassett as "potential Fed chairman" in front of a room full of people. This is quite straightforward—an official announcement of the candidate may come early next year, and the current Treasury Secretary Bassett has already made it clear that he will not take this position.

The name Hasset should be familiar to those who pay attention to policy. He is an old partner of Trump, having previously served as the chairman of the White House Council of Economic Advisers. What is this person's policy style? Dovish, with strong ties to the business world. If he really takes the chair of the Fed, there is a general expectation in the market: will the pace of interest rate cuts accelerate? Will the financial environment become more accommodative?

When it comes to easing, people in the cryptocurrency circle are the most sensitive. Historical experience is there—every time the Fed enters a quantitative easing cycle, funds rush into assets like Bitcoin. Trump himself has an open attitude towards cryptocurrency innovation, advocating for relaxed financial regulation. Now, if we add Hasset at the helm of the Fed, with liquidity easing combined with a friendly policy, this combination could have quite a significant effect.

Interestingly, the market is starting to react to the concept of the "Trump cycle" again. Certain policy effects from his previous term are now being discussed once more. The term "liquidity expectation trading" sounds a bit technical, but essentially it means: everyone is betting that money will become more plentiful and liquidity will become more abundant in the future. Once this expectation is formed, it often gets reflected in prices ahead of time.

Looking at the timeline, if Hasset is officially announced early next year, there will be a time gap before the policy actually takes effect. However, the financial market tends to price in things in advance. Will Bitcoin find a breakthrough in this expectation gap? Will 2025 become the starting point for a policy-driven bull market? It's still early to draw conclusions, but this possibility is indeed increasing.

Of course, there are quite a few variables. It is still uncertain who will ultimately become the chair of the Fed; factors such as the global economic situation, inflation data, and geopolitical circumstances will all affect the actual policy direction. However, one thing is certain: the signal significance of this personnel appointment is very strong, and the market has already begun to vote with its feet. How much do you think this wave of expectations can be fulfilled?