❗ Rumors are heating up that BlackRock’s Rick Rieder is the leading contender to replace Jerome Powell as Fed Chair.
Here’s what that means for crypto:
🔹 Rieder has publicly called
$BTC “the new gold” and argued for BTC inclusion in diversified portfolios (as reported).
🔹 He has called for cutting U.S. interest rates toward ~3% — which would boost liquidity and risk assets if implemented.
🔹 Even though the Fed Chair can’t directly regulate crypto, his tone on rates & liquidity drives risk appetite that moves
$BTC &
$ETH .
In simple terms: crypto traders care about the tale behind the tape — liquidity + optimism for risk assets — and if Rieder brings a more dovish, risk-friendly regime, it could be constructive for BTC
#Rieder #FedChair #BTC #ETH