The major event last night was Trump mentioning that he will select the Federal Reserve Chairman early next year. When introducing the potential candidate Kevin Hassett, he stated that the potential Federal Reserve Chairman is right here.
This can be understood as his choice being set in stone.
This also dispelled rumors of Powell resigning in advance.
Currently, the predicted probability in the market has risen to 86%, and the market has begun to anticipate his appointment in advance.
Kevin is one of the most crypto-friendly potential chairpersons in history. He was once an advisor to Coinbase and a strong supporter of Trump’s interest rate cuts, and he actually holds positions.
At the same time, the Federal Reserve has officially ended the quantitative tightening policy, and it is expected that there may be three consecutive interest rate cuts, with a projected reduction of 75 basis points—quantitative easing is coming!
At the same time, Musk predicts that a $38.3 trillion "crisis" could trigger a surge in Bitcoin prices. This move has caused Bitcoin prices to soar nearly $9k, and a small bull market may be on the horizon!