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Impact of Federal Reserve on Bitcoin: Economist Alex Krüger suggests that Bitcoin investors have not yet considered the potential for a more dovish Federal Reserve, which could be influenced by President Trump's nomination to replace Jerome Powell.
Market Expectations for Rate Cuts: The market anticipates a rate cut in September, with 83.9% of participants expecting this change, which could create a more favorable environment for Bitcoin prices.
Potential Candidates for Fed Chair: Trump is reportedly considering 11 candidates to replace Powell, with names like David Zervos and Rick Rieder emerging as possible nominees, indicating a shift in leadership at the Federal Reserve.
Retail Participation and Market Sentiment: Analysts believe that easing monetary policy could unlock greater retail participation in Bitcoin, as significant capital remains idle in money market funds awaiting investment opportunities.
