Bitcoin won’t be ‘priced in’ until Trump announces new Fed chair
While many eye a September rate cut, one economist said Bitcoin won’t be fully priced in until the US president announces Fed Chair Jerome Powell’s replacement.
Bitcoin investors have yet to factor in a potentially more dovish Federal Reserve, which will depend on who US President Donald Trump nominates to replace Chair Jerome Powell, economist Alex Krüger said.
Bitcoin (BTC) traders see the Fed’s first potential rate cut this year, expected in September, as creating a more bullish environment for Bitcoin. The right Fed chair nominee could push the price even further.
“I have a high degree of confidence this cycle is not over because I am expecting changes in the Fed to bring on considerably more dovish monetary policy,” Krüger said in an X post on Monday.
