#数字货币市场回调 Last night there was explosive news—a direct statement from Trump at a cabinet meeting: early next year, he will announce the new nominee for Federal Reserve Chair to replace the current chair, Powell. Even more striking, he pointed directly at White House economic advisor Hassett and said, "The man is right here." This basically makes it clear.

Why is this so crucial for the crypto market? The current chair, Powell, has been criticized by Trump for being too conservative with rate cuts, but Hassett is an out-and-out dove. He has publicly stated before that, if appointed, he would push for faster and more aggressive rate cuts. The market reacted immediately—after the news broke, long-term Treasury yields started to decline right away. Why? Because capital is already betting that the liquidity environment will change.

The significance of this event may be even more profound than a one-time 50 basis point rate cut. If Hassett really takes over, it means that in the coming years, the Fed’s policy focus could completely shift from "controlling inflation" to "stimulating growth." The floodgates of global liquidity might open once again.

How should ordinary investors respond?

Don’t rush in. A policy shift of this magnitude has a cycle measured in years, not just days or weeks. First, clarify three points:

Identify the key timing. Trump said the announcement would be early in the year, but the nomination still has to get through the Senate. This process itself will be a repeated catalyst for market speculation.

Watch Bitcoin’s reaction. If big capital truly believes in this expectation, Bitcoin will signal first—whether it can hold above a key price level will say it all.

Buy in batches during dips. Over the next few months, any corrections caused by short-term profit-taking or panic could be entry opportunities for those who understand this trend.

In the crypto market, what's more important than the news itself is understanding the shift in the underlying power structure. A change at the Fed could redefine the rules of the game for the coming years.