Something big is quietly taking shape, and it’s not a random rumor.
Prediction markets and financial reports are increasingly pointing to Rick Rieder, BlackRock’s Chief Investment Officer, as a leading contender to replace Jerome Powell as Chair of the U.S. Federal Reserve when Powell’s term ends in May 2026.
Recent market odds have surged, with Rieder’s chances now being priced around 40–50%, topping many other names.
Why this matters for Bitcoin:
Rieder has publicly stated that Bitcoin could replace gold as a store of value, mainly because it’s easier to move and fits modern financial systems.
He has also argued that deserves a place in a diversified investment portfolio, similar to gold as a hedge.
This is far more positive than the stance of most traditional Fed Chair candidates, who usually remain cautious or neutral on crypto.
Important context (this is key):
Prediction markets reflect probabilities, not final decisions — no official appointment yet.
The Fed Chair must be nominated by the President and confirmed by the U.S. Senate.
Even as Chair, policy is shaped by the entire Federal Reserve Board, not one person alone.
So will this change Bitcoin’s future?
Not instantly. Prices won’t magically pump overnight.
But if someone with a pro-Bitcoin track record ends up leading the Federal Reserve, it could shift how institutions and central banks talk about crypto, influence long-term confidence, and slowly reshape how $BTC is viewed in traditional finance.