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Bitcoin Surges as Trump Appoints Pro-Crypto Economist to Federal Reserve

Bitcoin Surges as Trump Appoints Pro-Crypto Economist to Federal Reserve

Author:
decryptCO
Published:
2025-08-08 00:31:23
15
3

Bitcoin Advances After Trump Taps Bitcoin-Friendly Economist For Fed Role

Bitcoin bulls charge as political winds shift in crypto's favor.


Fed Gets a Crypto Makeover

The orange coin jumped 5% in early trading after former President Trump tapped a Bitcoin advocate for a key Federal Reserve role. Markets interpret the move as a potential pivot toward crypto-friendly monetary policy—or at least less hostility.


Wall Street Rolls Its Eyes

Traditional finance types muttered about 'governance by meme' while quietly adjusting their hedges. After all, nothing boosts asset prices like regulatory capture—just ask Jamie Dimon's trading desk.


The Real Play

Smart money's watching whether this signals broader acceptance of crypto as institutional infrastructure. Or just another political pump before the election cycle. Either way, volatility's back on the menu.

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