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Kevin Hassett Leads Fed Race, Best Wallet Aims for 40% Market Share
- Kevin Hassett, favored by Donald Trump as a potential Fed Chair, is pro-crypto and advocates for rate cuts.
- This could lead to earlier rate adjustments, increased crypto adoption, and heightened demand for risk assets worldwide.
- The Best Wallet aims to capture 40% of the global crypto wallet market by 2026, focusing on MPC security and user-friendly mobile experiences.
- If U.S. policy becomes more lenient towards crypto, infrastructure tokens related to wallets and aggregators may gain interest, alongside major Layer-1 assets.
- Lower real yields reduce the opportunity cost of holding cryptocurrencies like Bitcoin and Ethereum, potentially boosting trading volumes and first-time wallet downloads.
- Best Wallet targets the gap left by existing wallets that are either too centralized or complex, aiming to offer security, user experience, and additional benefits in one package.
- The $BEST token supports reduced fees, staking with increased yields, governance rights, and access to curated presales within the ecosystem.
- A significant presale has raised $17.5M, highlighting increased interest in wallet infrastructure over speculative tokens.
- On-chain data shows significant whale transactions, indicating early positioning around the expected policy shift.