The White House recently dropped a big piece of news - the position of the Fed chair may be changing hands. Trump's former economic advisor Hassett has just made it clear that he would be quite willing to take on the role if nominated.

What does this news mean for the crypto market? It needs to be considered carefully.

Hassett is famously known as a dove in Washington circles and has been dissatisfied with the current interest rate levels, publicly stating multiple times that rates should be cut more quickly. If he really takes that position, the direction of monetary policy is likely to change significantly. A loose monetary environment has always been friendly to risk assets, which goes without saying.

When there is more money in the market and interest rates are low, funds have to find a place to go. When the returns on traditional safe-haven assets are not attractive enough, assets like Bitcoin and Ethereum often become options for allocation. It doesn't mean they will definitely surge, but at least the improvement in liquidity supports the price.

So how should ordinary investors view this matter? Here are a few relatively prudent thoughts:

First, focus on mainstream varieties like Bitcoin and Ethereum. No matter how institutional funds enter the market, they are likely to first allocate to these assets with good liquidity and high consensus. Small-cap coins are too volatile, making risk difficult to control.

Never recklessly use leverage just because you are optimistic. There are often fluctuations between policy expectations and actual implementation, and market volatility can be very intense; a single pullback could leave you with nothing.

Holding is more important than chasing after a rise. Many people panic and sell as soon as there is a 10% increase, only to find that they miss out on a subsequent doubling of the market. Of course, this assumes that you are holding mainstream assets, not some altcoins that could go to zero at any time.

Data on Polymarket shows that the probability of Hassett taking office has surpassed fifty percent. Prediction markets are not always accurate, but they at least indicate that market expectations are changing. If you really want to position yourself, it might be more prudent to act now than to wait until the news is officially announced.

What do you think about this matter? How significant of an impact do you believe this candidate will have on the market if implemented? Will your positions be adjusted because of this?