Powell has about 6 months left in his term. The current issue is not whether to replace him, but who to replace and when to price it in. Treasury Secretary Bessant is unwilling to take over, and the market currently defaults to the optimal solution of Haskett. $SOL $BNB $ETH

Why him? First, he openly supports cryptocurrencies, which gives him a clear advantage in the current political environment; second, he explicitly supports “further interest rate cuts based on current economic data”; third, he aligns closely with Trump’s economic philosophy.
Once Haskett enters the succession channel, the Fed’s “dovish hawk-neutral” pricing will be replaced by “policy pre-emptive easing expectations.” I dare say, the probability of continued rate cuts in the second half of next year is structurally certain.
However, it’s important to note that rate cuts ≠ unlimited liquidity. Truly impactful easing will basically end around May next year, with subsequent rate cuts more about “policy confirmation” and “sentiment backing.” In the first half of the year, liquidity expectations drive pricing; in the second half, political cycles and policy directions drive valuation. Markets have always speculated on expectations; only after implementation will they push aggressively.
Opportunities and risks coexist in the crypto market. Stay closely tuned to market dynamics and make rational decisions!