Recently, a major signal emerged from the prediction markets—the odds of Trump’s economic advisor Hassett becoming the next Fed Chair have surged to 82%. Why is this news making the markets nervous? Because behind this personnel change may lie the key to rewriting the rules of global liquidity.

This frontrunner is an out-and-out dove. He has publicly expressed support for immediate rate cuts multiple times, and his economic philosophy aligns closely with Trump’s. If the central bank really ends up led by a more aggressive pro-easing figure, the imagination of both traditional finance and digital asset markets could quickly expand.

What's subtler is his connection to the crypto industry. Public records show he holds over $1 million in Coinbase stock and has served on its advisory board. Some observers believe he may view digital assets as a strategic lever for US financial competitiveness. This background gives the crypto community a faint whiff of policy friendliness.

The timeline is also worth noting. Based on the process, the formal nomination will most likely happen in early 2026, with the new chair expected to take office around May next year. The market is already starting to bet on the pace of rate cuts in the “post-Powell era.”

So, this personnel game is essentially a repricing of liquidity expectations. If the central bank ends up led by a “crypto-savvy” dove, what kind of chain reaction could that trigger for mainstream assets like BTC and ETH? What do you think about the impact of this policy variable?