#美联储回购协议计划 $ZEC $AT $FLOW

Can the Federal Reserve Chair maintain independence? This question is reshaping the strategic game in the crypto market.

In the past two years, an invisible undercurrent has been fighting behind the scenes—sitting presidents publicly pressure "to replace disobedient officials," while the current Fed Chair insists on "the central bank must be independent from politics." On the surface, it's policy disagreements; in reality, it's a power struggle that influences global asset allocation.

Why is this more worth paying attention to than stock market rises and falls? Simply put, the Fed Chair controls the leading global liquidity. How interest rates move determines the market’s liquidity level. One side needs short-term economic stimulus to satisfy political cycles; the other must withstand inflation pressures to maintain policy stability. The collision of these forces is essentially a mismatch between political and economic clocks.

What does this mean for your wallet? Consider two scenarios:

First, if the president's side wins and a new willing-to-cooperate Chair is appointed, a new round of liquidity release is likely to begin. How will risk assets perform then? They will surge upward. The upward cycle for cryptocurrencies like Bitcoin and Ethereum may restart.

Second, if the current policy framework continues, the high-interest-rate environment will persist longer. The market will repeatedly test lows amid the shadow of "tight liquidity." Volatility will intensify, but the true turning point is still far away.

In terms of timing, the current Chair's term will end in early 2026. Whether Trump can successfully push for a "leadership change" still depends on Congress. Nominees like Hasset and Waugh, each name that appears could trigger intense market reactions.

This is not office gossip. It directly concerns whether you will continue to be harvested under high interest rates or catch the wave of new liquidity. The Fed Chair choice is almost equivalent to redefining the market rules for the next 18 months.

What’s your view? Will he maintain the central bank’s independence, or will political realities eventually break through? Will you adjust your holdings accordingly, or wait for the wind to truly shift?