š Bitcoin Shatters $117K Barrier as Trump Appoints Stephen Miran to Federal Reserve
Bitcoin just bulldozed through another psychological barrierā$117,000āas political winds shift in Washington. Here's why traders are scrambling.
The Trump Fed Play: The former president's surprise pick for the Federal Reserve, Stephen Miran, sends shockwaves through both traditional and crypto markets. Wall Street analysts whisper about potential policy tilts while Bitcoin maximalists smirk.
Liquidity Tsunami Watch: With Miran's crypto-friendly reputation (he once moon-mined Dogecoin as a Harvard prank, allegedly), speculators bet on easier money sloshing toward digital assets. Never mind that the Fed hasn't actually changed course yetānarrative moves markets faster than fundamentals.
Cynical Take: Of course Bitcoin rallies on political theaterāthe asset thrives on chaos while traditional finance still thinks 'risk management' means buying the dip on overpriced SaaS stocks. The real question: Will Miran put the Fed balance sheet into BTC ETFs before or after his Senate confirmation hearing?