$BTC Fed Leadership Change: Will the Crypto Market Usher in a New Boom?

Kevin Hassett’s chances of becoming the next Fed Chair have soared to 86%, so it looks pretty much set.

If this new leader officially takes over, he’ll likely play two cards: First, aggressive rate cuts—he’s long thought the current interest rate policy is too conservative. With the government shutdown dragging the economy, he plans to push rates below 3%, maybe even towards 1%, all to boost employment and growth. Second, restarting quantitative easing (QE)—the Fed only recently stopped shrinking its balance sheet, but Hassett is clearly more tolerant of inflation and more focused on economic expansion, so the money printer might start up again.

But what really deserves attention is the chain reaction for cryptocurrencies. Hassett has an interesting background—not only does he hold stock in a compliant crypto platform, he’s also served as an advisor and participated in digital asset policy drafting. He believes crypto can reshape the financial game. After he takes office, regulatory chaos may subside, and both Bitcoin’s legal status and market liquidity are likely to improve. Many traders are already betting on a new bull run for the crypto market after mid-next year.