The Federal Reserve might be getting a new chair, and this could be no small matter for the crypto market.

On prediction markets, Hassett’s chances of landing the new chair position have surged to 86%. Who is this person? A typical dove.

He’s been repeatedly emphasizing one point lately: it’s time to cut rates, and to cut them significantly—targeting below 3%. In his view, inflation control can wait; the top priority is boosting the economy and stabilizing employment.

More aggressively, he might restart quantitative easing. If the Fed resumes pumping liquidity into the market, that money will need somewhere to go. Risk assets like Bitcoin are often among the primary pools to absorb incremental capital.

Another detail worth noting: Hassett himself has close ties to the crypto industry. He has held substantial shares in a compliant trading platform, served as an advisor to that platform, and has publicly expressed support for Bitcoin’s financial innovation value on multiple occasions. With this background, the likelihood of him taking a tough regulatory stance on the crypto industry after taking office is relatively low.

If everything goes according to script, the second half of 2026 could be a key window. With a friendlier policy environment and increased liquidity, could Bitcoin’s price ceiling be redefined?

The market is already starting to bet on this possibility.