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šŸš€ Bitcoin Shatters $117K Amid Trump’s Bold Fed Pick: Stephen Miran Takes Helm

šŸš€ Bitcoin Shatters $117K Amid Trump’s Bold Fed Pick: Stephen Miran Takes Helm

Author:
Coindesk
Published:
2025-08-07 20:08:55
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Bitcoin Surges Past $117K as Trump Taps Stephen Miran for Federal Reserve

Bitcoin just blasted through another psychological barrier—$117K—as political winds shift in Washington. Here's why traders are scrambling.

### Trump's Fed Gambit: Disruption or Distraction?

The appointment of Stephen Miran to the Federal Reserve sent shockwaves through both traditional and crypto markets. Miran—a known quantity in crypto circles—now holds the keys to monetary policy during Bitcoin's most aggressive bull run.

### Liquidity Tsunami Ahead?

With Miran's crypto-friendly reputation, institutional money's already pricing in looser dollar policy. Bitcoin's surge past $117K looks less like hype and more like hedge funds front-running the Fed.

### Wall Street's Worst Nightmare

While suits debate 'sound money,' Bitcoin's weekly chart just printed its cleanest breakout since 2020. The ultimate irony? A Trump appointee might accelerate the very asset that could unseat the dollar.

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*'When the Fed blinks, crypto wins'—some hedge fund VP who definitely didn't just YOLO his bonus into BTC.*

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