Nov 19, 2025
6 0
Crypto Traders See Bullish Tailwind as Hassett Leads Fed Chair Odds
Donald Trump's comments about a potential successor to Fed Chair Jerome Powell have influenced prediction markets, with Kevin Hassett emerging as a leading candidate. Trump expressed dissatisfaction with Powell and hinted at a preference for someone more aligned with his views, affecting contracts on platforms like Polymarket and Kalshi.
- Trump stated he knows who he prefers as the next Fed Chair, with Kevin Hassett gaining traction in prediction markets.
- Hassett is perceived as dovish and aligned with Trump's preference for easier financial conditions, impacting crypto market sentiment.
- The prospect of Hassett as Fed Chair is seen as a bullish catalyst for risk assets due to his stance on financial conditions.
- This development highlights concerns about the politicization of US monetary policy, reinforcing the narrative of Bitcoin as a hedge against political risks.
- Prediction markets are reflecting these shifts, although no official change at the Fed has occurred yet.
The total crypto market cap stands at $3.11 trillion, with traders viewing the potential change in Fed leadership as a latent bullish factor for the sector.
