Powell Resigns - Is Hassett's Ascendancy Really Unfavourable Information for the Cryptocurrency Market?

What impact does Hasset's appointment as the Chairman of the Federal Reserve have on virtual currencies?
Significant favourable information. Virtual currencies (especially Bitcoin) are currently widely regarded as a "high-risk asset" or "alternative asset" in the mainstream global financial markets.
Increased market liquidity: The large amount of cheap capital released by low interest rates and quantitative easing will flood into various risk assets in search of higher returns.
Decline in demand for safe-haven assets: Investors are reducing their demand for safe-haven assets (such as the US dollar and US Treasuries) and are instead pursuing potentially high-yield assets like Bitcoin.
Lower borrowing costs: The costs of leverage operations and DeFi activities in the cryptocurrency space will decrease, promoting market activity.
Possibility two: Maintain a hawkish stance to thoroughly suppress inflation, short-term Unfavourable Information.
According to: Despite having dovish tendencies, as the Chairman of the Federal Reserve, his primary task is to control inflation. If inflation becomes entrenched, he may be forced to maintain high interest rates for a longer period to uphold the credibility of the Federal Reserve.
Impact on virtual currencies: Continuing current pain. The persistent high interest rate environment will continue to drain market liquidity, suppressing risk investments, and the virtual currency market may continue to fluctuate at the bottom or further decline. This will delay the arrival of a new bull market.
Conclusion: Regardless of Hasset's personal inclinations, the monetary policy he sets as the Chairman of the Federal Reserve will be the most crucial factor determining the direction of the virtual currency market. If he leans towards a dovish stance, it is highly likely to trigger a new round of bull market in the virtual currency market.
Regulatory Attitude and Stance: Indirect but Important Signals
Although the Chairman of the Federal Reserve does not directly set the regulatory rules for cryptocurrencies, his statements carry significant influence.
The chairman of the Federal Reserve is the "soul figure" of the global financial markets, and his words and actions can greatly influence market confidence.
Market Confidence: If he can quickly stabilize inflation expectations after taking office and guide the economy to achieve a "soft landing", it will greatly enhance the market's confidence in the Federal Reserve. A stable and healthy macroeconomic environment is fertile soil for the development of all asset classes (including virtual currencies) $BTC #十二月降息预测 .