President Donald Trump is expected to interview Rick Rieder, Global Head of Fixed Income Investments at BlackRock, next Thursday, January 15, at the White House.
Rieder is considered one of the four finalists to succeed Jerome Powell as president of the Federal Reserve, whose term ends in May 2026.
The possible appointment of Rick Rieder to the presidency of the Federal Reserve is seen by many analysts as an extremely positive sign for the cryptocurrency market.
This perception is not based solely on speculation, but on Rieder's history of statements and professional trajectory. Unlike many traditional names in the banking sector, Rick Rieder has publicly stated that Bitcoin "is here to stay."
He has already compared Bitcoin to gold, stating that the cryptocurrency is "much more functional than carrying around a gold bar."
In past interviews, Rieder confirmed that he has personal exposure to Bitcoin, which places him in a position of practical understanding of the asset that few former Fed presidents have had. Rieder is one of the minds behind BlackRock's institutional shift towards digital assets.
BlackRock was the main force behind the approval of spot Bitcoin and Ethereum ETFs in the US. Having someone who helped shape this strategy at the helm of the Fed suggests a less hostile and more technical approach to cryptocurrency regulation.
The cryptocurrency market is extremely sensitive to global liquidity. Rieder is known for a more "dovish" stance (favoring low interest rates and stimulus).
So it is obvious what we need to do: campaign for him to be the new president of the FED 🙏#Fed
