🚀 Bitcoin Infiltrates the Fed: Trump Appoints Pro-Crypto Stephen Miran as Governor

Washington shakes as digital gold storms the halls of power.

President Trump's latest Fed pick sends shockwaves through Wall Street and Crypto Twitter alike—Stephen Miran, a known Bitcoin advocate, now holds the reins at the world's most powerful central bank. The ultimate bull case just got a government stamp.

Wall Street suits scramble to reposition portfolios as the ultimate 'anti-establishment' asset becomes... establishment. Irony dies another quiet death in finance.

Miran's appointment marks the first time a Fed governor openly owns more BTC than physical gold. The old guard's fiat champagne tastes suddenly seem very 2020.

One question remains: When moon?

‘Bitcoin Fixes This’ – Miran

Bitcoin circles seized on the appointment for a different reason: Miran has, on multiple occasions, echoed a popular Bitcoin refrain. On Aug. 18, 2023, he posted “Bitcoin fixes this” from his personal account, and social-media archivists circulated a separate Jan. 9, 2022 instance of him writing “Bitcoin fixes this.”

That posture tracks with remarks Miran made in late 2024 about the role of financial deregulation—as well as bitcoin and crypto specifically—in a growth agenda. In a December 2024 interview on The Bitcoin Layer, he said: “Financial deregulation is going to be a powerful part of that. I think that crypto has a big role potentially to play in innovation.” (The conversation is widely excerpted and summarized in crypto trade coverage.)

Reaction across X was swift. MacroScope called the pick “Huge. I’ve posted about Miran before. Always been a fan.” Steven Lubka, the Vice President of Investor Relations at Nakamoto, highlighted the archival Bitcoin posts: “A future member of the Federal Reserve board has tweeted ‘Bitcoin Fixes This’”. Alex Gladstein of the Human Rights Foundation, a prominent Bitcoin advocate and Fed skeptic, simply wrote: “Strange times.”

Beyond the headline Bitcoin angle, Miran’s publication record suggests he will push internally on two axes: governance and scope. In a Mercatus Center discussion last year, he criticized large-scale asset purchases for eroding the line between fiscal and monetary policy, a theme echoed in his Manhattan Institute report’s call to “cordon off” non-monetary functions from the FOMC and to restore a narrower, technocratic focus on price stability. Those proposals—shortening Board terms, clarifying presidential removal, strengthening Reserve Banks, and subjecting the Fed’s operating budget to appropriations—would together amount to the most consequential redesign of the Fed’s institutional architecture in decades.

For now, the practical timeline is straightforward. The seat Miran would occupy is the remainder of Kugler’s term ending January 31, 2026; confirmation is required, and the calendar means he could be seated for only a few meetings before the next inflection point in Fed leadership. Powell’s term as chair ends May 15, 2026, though his underlying Board tenure runs to January 31, 2028, and presidents historically signal chair choices months in advance. Today’s interim move, therefore, looks less like a capstone than the first placement in a larger chess game over the central bank’s direction into 2026.

At press time, Bitcoin traded at $116,550.