Markets jump as traders celebrate Trump’s crypto-friendly Fed pick and new catalysts
Crypto markets are ripping higher as traders latch onto a rare alignment of monetary and institutional tailwinds.
A pro-crypto economist is now the clear favorite to run the Federal Reserve, while some of the world’s biggest asset managers are finally telling clients that Bitcoin belongs in traditional portfolios.
Prediction markets and Wall Street desks increasingly expect Kevin Hassett, a long-time Trump economic adviser, to succeed Jerome Powell as the next Fed chair.
In an Oval Office appearance on Dec. 2, President Donald Trump teased the choice in front of cameras:
“I guess a potential Fed Chair is here too… I don’t know, are we allowed to say that? ‘Potential.’ He’s a respected person, that I can…
