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Donald Trump still hits. After opening pensions 401 (K) alternative assets such as Bitcoin, he names Stephen Mirana, a pro-bitcoin economist, to the federal reserve board. A award -winning crypto market that powered BTC over $ 117,500.
In short
- Trump appoints a pro-bitcoin economist Stephen Mirana to the Fed Board until January 2026.
- Bitcoins rises from 2 % to more than $ 117,500, transmitted by hope to a more flexible monetary policy.
- Analysts warn the risk of the independence of the US central bank.
A meeting that changes the situation for bitcoins
President Donald Trump created a surprise on Thursday by announcing the appointment of Stephen Mirana about the social truth to the social Board of Federal Reserve.
This experienced economist, currently the President of the Council of Economic Advisors, will arrange a chair that Adriana Kugler will be unoccupied by January 31, 2026.
In addition, Miran is not a foreigner of a crypto ecosystem. Former of the Ministry of Finance as part of the first Trump administration he expressed several times in favor of Bitcoins. This recognized expertise brought him the praise of the President, who describes his economic skills as “unrivaled”.
The market reaction has not been long. Bitcoin immediately won 2 %and exceeded the symbolic bar $ 117,500. This increase testifies to investors optimism in the face of this strategic appointment.
Greg Magadini, director of derivative products in Amberda, explains this euphoria after decryption:
We expect to take a helpful position as Trump wants. The reaction on the market seems to confirm this.
This dynamics is perfectly part of Trump’s crypto strategy. After allowing the inclusion of bitcoins in pension plans 401 (K) the president continues to transform the American financial environment. These combined measures create an environment favorable to cryptocurrencies.
The risks of feeding under the political influence
Despite the enthusiasm of the markets, this appointment raises an important question concerning the independence of the Federal Reserve. Of course, Greg Magadini warns against the structural risks of change too radical.
” If the Fed loses its independence and the ability to fight inflation, it will look like a mini-motor from 70. “He warns the analyst.
This historical reference reflects the period when leaving the Bretton Woods system exploded the gold price, of $ 35 $ 35 in 1970 to $ 700 in 1980.
Today, several signals strengthen this parallel. Decisions for US Treasury accounts record low demand, gold is still increasing and inflation remains tough, with a PCE indicator to 2.6 %, above 2 % Fed’s goal.
These convergent signals promote concerns about the return of inflation. In this context, a less independent Fed could try to maintain its credibility and its effectiveness in fighting prices.
But Magadini identifies a unique opportunity for crypts:
This leads me to the belief that the market perceives all this as an inflationary. I think cryptocurrencies have a significant range of progression if the market is more concerned with inflation. »»
It recalls that the total capitalization of the market crypto remains modest in the face of traditional assets, NVIDIA itself costs more than all 5,000 existing cryptos.
In short, with Miran in Fed Trump, he strengthens his offensive to anchor Bitcoins in the wheels of US finance. Between regulatory opening, potential Aflux of capital and lack of bids, the soil seems to contribute to the increase in BTC prices.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.