The news that came out on December 4th is worth pondering: Over on Wall Street, they’re blocking someone—Hassett, who is reportedly part of the pro-rate-cut camp in Trump’s circle. Why block him? Because Wall Street is worried that if he enters the Fed, he might use political means to push rate-cut policies.

What does this have to do with the crypto market? Simply put, if the Fed really puts a rate-cut advocate at the helm, dollar liquidity could loosen in the short term. The crypto market thrives on “easy money,” so market sentiment would likely get a boost. But there’s a catch: if Hassett lacks enough credibility, it could actually increase market volatility, rather than leading to a steady upward trend.

What should retail investors do? My view: don’t blindly rush in just because you hear “rate cuts.” First, wait and see the nomination results—if he really gets appointed, you can try dipping your toes in with a small position in mainstream coins, but don’t go all in; if he doesn’t get appointed, there’s no need to panic sell either, just hold onto your low-cost positions.

These days, the crypto market is no longer just watching the Fed as a single variable. News can certainly fuel short-term rallies, but blindly following the crowd can easily lead to losses. A steady, methodical approach is much more reliable than betting everything on a single piece of news.