🚨The battle for the chair of the Federal Reserve has reached a fever pitch! The candidate list has shrunk from 11 to 5 ultimate players, and the outcome of this power game will directly determine the next round of rises and falls in the cryptocurrency market.

Currently in the finals are Vice Chair Bowman, Governor Waller, National Economic Council's Hassett, former Governor Warsh, and the dark horse BlackRock CIO Riedel. Strangely, the winner may first test the waters as a governor before formally ascending to the chair next January.

In my opinion, if a hawkish figure like Waller takes power, the crypto market will definitely face short-term pressure; his tough stance on reducing the balance sheet back in the day was no joke. But if a scholar advocating fiscal stimulus like Hassett gets elected, expectations for liquidity easing could ignite Bitcoin's market at any moment.

Most intriguing is the dark horse Riedel from BlackRock; if he leads the Federal Reserve, he might very well integrate digital currencies into the traditional financial system, but short-term regulatory intensity may exceed expectations.

Folks, remember to keep an eye on the final results after Thanksgiving in November and hedge in advance using options. Pay close attention to the candidates' past statements on cryptocurrency—Waller has warned about stablecoin risks, while Hassett hinted that digital currencies could complement the dollar system. Don’t heavily leverage before the personnel decisions are finalized; the current fluctuation of Bitcoin around 122000 is proof that the market is on hold.

This power game in Washington is far from over. When Trump makes the final decision, we not only need to see who sits in the chair but also be wary of potential black swans that could emerge during the nomination process. Get ready for the next round of market upheaval!

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