$BTC Recently, a topic that has attracted attention in the crypto circle is that Trump's attitude towards the next Fed Chair nominee has suddenly become ambiguous.

Originally, Kevin Hassett was widely favored. This former chairman of the White House Economic Advisory Council has extensive experience in tax reform and economic policy, and the market once believed he was a sure thing. But Trump's recent remarks have disrupted this rhythm, showing clear hesitation about the nomination.

It's not surprising. The core requirement for the Fed Chair that Trump wants is quite clear—someone who supports rate cuts, loose liquidity, and is market-friendly. In other words, they need to listen to the White House. Whether Hassett is sufficiently "cooperative" with this goal is still uncertain in Trump's mind.

What does this mean for the market? If the final choice is a more dovish, more accommodative person, expectations for rate cuts will further intensify, and BTC and other risk assets may benefit; if a hawkish candidate is chosen, there will likely be short-term volatility. Investors now feel like they are on a roller coaster, waiting to see Trump's next move.

More painfully, before the official candidate is announced, the position of Fed Chair will continue to be a global financial market indicator. Every word from Trump can move the markets, and this uncertainty itself is a risk. For traders focused on macro policy trends, this period warrants close observation, as the tone set by the Fed Chair directly affects interest rates, liquidity, and overall market sentiment.