The market has recently sent an interesting signal: an institutional survey showed that 84% of respondents predicted that Hassett could become the next Fed chairman, but only 11% actually supported him.

What does this data reveal? Everyone is worried that an unfavored person will be at the helm of monetary policy. More importantly, 76% believe that the new chairman will be more accommodative than Powell. The expected rise in water release sounds liquidity-friendly, but the question is - can the Fed maintain its independence?

If the new chairman frequently adjusts interest rates to meet political demand after taking office, it may indeed stimulate asset prices in the short term. Bitcoin, as an alternative asset against inflation, could theoretically benefit from an accommodative environment. But once the market feels that the central bank is politically kidnapped, the credit of fiat currency will be shaken. At that time, the BTC narrative may have changed from "digital gold" to "lifeboat escaping the traditional system".

But don't forget that 51% expect the new chairman to cooperate with the rate cut. This means that policy volatility will increase and market sentiment will fluctuate. For crypto investors, this is both an opportunity and a trap.

In the face of this uncertainty, it is better to stabilize the position than to chase the rise impulsively. Bull markets often brew in doubts and peak in carnivals. While the world is discussing the credibility of central banks, it may be the node to re-examine asset allocation.