What does Trump's appointment of Waller as Fed Chair mean? The crypto market may迎来 a turning point

This personnel appointment signals a potential shift in Federal Reserve policy. Donald Trump announced that Kevin Wirth will succeed Jerome Powell as Fed Chair. What does this decision mean for Fed policy direction and the crypto market ecosystem? Let’s analyze each aspect.

About Wirth: A Blend of Hawkish Stance and Openness to Innovation

Kevin Wirth is not a stranger to the Fed. He has served as a member of the Federal Reserve Board and possesses a strong background in financial policy. Unlike Powell, Wirth is known for his firm stance on inflation, being viewed by the market as a “hawk.” At the same time, he adopts an open attitude toward modern financial technologies and is critical of excessive bureaucratic structures within the central bank. This suggests that the new Fed Chair will have both the determination to control inflation and the willingness to promote financial innovation.

What Wirth Means for Crypto Assets

Wirth’s appointment marks a change in the Federal Reserve’s policy direction. During Powell’s tightening cycle, many risk assets, including cryptocurrencies, faced suppression. Wirth may bring a more accommodative liquidity environment to the market. If signs of economic slowdown appear, the cycle of rate cuts could accelerate, which would undoubtedly be positive for Bitcoin and other digital assets.

As of February 14, Bitcoin has risen above $68,780, with a 24-hour increase of 3.70%. TRUMP coin performed even stronger, priced at $3.43, with a 5.24% increase in the same period. The market seems to be digesting the opportunities brought by this significant personnel change.

Opportunities and Risks Coexist

Wirth’s policy orientation suggests that the U.S. financial system may become more inclusive of digital assets. Looser interest rate policies and support for financial innovation could help promote institutional recognition of crypto assets. However, the possibility of a “strong dollar” policy cannot be ignored—if Wirth prioritizes maintaining the dollar’s strength, it could initially exert pressure on BTC.

The key is to recognize that the appointment of the new Fed Chair opens a window of opportunity but also requires investors to remain cautious and closely monitor policy implementation.