📊 Kevin Walsh Nominated as Federal Reserve Chairman: The Bull-Bear Game in the Crypto Market

Trump has officially submitted Kevin Walsh's nomination for Federal Reserve Chairman to the Senate, replacing Powell, whose term ends in May. Is this choice bullish or bearish for cryptocurrencies? The market is currently engaged in a complex game.

Bullish Logic: Walsh has publicly stated that Bitcoin is the "new gold for those under 40," referring to it as an "important asset" and a sustainable store of value. This friendly attitude may open the door for a more balanced regulatory framework. More importantly, the market expects that Walsh's appointment will push for interest rate cuts—Trump has repeatedly expressed a desire for "significantly lower rates" under Walsh's leadership. Expectations of rate cuts equate to expectations of dollar depreciation, which corresponds to expectations of liquidity easing, and this marks the return of Bitcoin's "digital gold" narrative. Following the announcement, Bitcoin briefly surged past $74,000, reaching a one-month high, as the market voted with real money.

Bearish Logic: However, Walsh's stance is much more complex than it appears. He has bluntly stated that "Bitcoin is not a currency," believing that its volatility makes it unsuitable as a unit of account. More importantly, he became known as a "hawk" during the financial crisis, consistently criticizing the Federal Reserve's large balance sheet. If inflationary pressures persist, he may lean towards tightening policies. Additionally, the Senate confirmation remains uncertain, as Democratic leader Schumer has indicated a rigorous review.

Overall, short-term expectations lean towards bullish speculation, but long-term outcomes will depend on the actual implementation of policies. #沃什获提名利多还是利空

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