A big piece of news has been circulating in the market recently—the prediction platform Polymarket shows that Kevin Hassett’s odds of becoming the next Fed chair have soared to 86%. That basically means it’s a done deal; it seems Trump is dead set on appointing him.

The key point is, this guy has previously said that “now is a terrible time” to stop cutting rates. His logic is that the government shutdown is already dragging down the economy, and he even predicts that Q4 GDP could drop by 1.5 percentage points. According to him, inflation isn’t as fierce as the market thinks, so rate cuts could move much faster—getting rates below 3% isn’t a dream, and it might even hit 1%. This approach is very Trump-esque: make the economic and employment data look good first.

What’s even more interesting is that Hassett might not be so rigid about the inflation target. He won’t stick stubbornly to the 2% line, and will focus more on growth and employment data. He’s previously suggested the US could hit 4% GDP growth, which is clearly an “economy-first” strategy. In other words: quantitative easing could make a comeback, and liquidity could be unleashed again.

For the crypto space? This sounds great. Hassett himself is quite close to the crypto community—he’s held millions of dollars in stock from a compliant trading platform and has even served as an advisor. This background means policy uncertainty will likely decrease, and the threshold for institutional money coming in will be lower. Quite a few traders are already planning: after he officially takes office, there could be a new wave in the second half of next year.

My view? If Hassett really takes the helm, the pace of monetary policy will shift, and the room for crypto assets will widen. Keep a close eye on the middle of next year—it’ll be a key moment.