#美联储回购协议计划 The suspense surrounding the Fed chair nomination is reshaping the entire crypto market's expectations.

Recently rumored candidates each represent very different liquidity stories—

Hasset is a radical. This guy has already threatened to "cut rates immediately" if he takes office, and the market sees him as a liquidity flood fanatic. If he really takes this position, a devaluation of the dollar and abundant capital flows are guaranteed. For risk assets, this is the most direct bullish signal.

Wosh has a more cautious style and won't be as aggressive. He is also on the consideration list, but his policy approach would be more moderate, likely not providing as much market stimulation as Hasset.

Waller is seen as the "safe choice." Interestingly, he supports private stablecoins quite strongly, which is a good long-term development for the crypto industry from a systemic perspective. However, his short-term explosive potential might be less than the first two.

In essence, the core of this game is the political pressure on the central bank's independence. Trump has a clear goal—lower interest rates and boost the stock market—and cryptocurrencies are very sensitive to this, as they directly reflect the temperature of global liquidity. History shows that whenever the Fed enters an easing cycle, risk assets like Bitcoin tend to accelerate their rise.

What strategies should be employed?

First, keep an eye on the final decision date for the candidate, as this will be a key point where market volatility is likely to occur. Second, pre-judge the liquidity paths associated with different candidates—if Hasset wins, expectations of easing will be driven higher, possibly sparking a wave of enthusiasm for mainstream coins; if Waller wins, it may favor projects that prioritize compliance and practical implementation. Lastly, stick to core holdings—regardless of who ultimately takes office, the easing trend has already started. Leading assets like Bitcoin and Ethereum are the best vessels to catch the liquidity wave.

The market winds are rising; the key is whether you are prepared to surf.