The battle for the Federal Reserve Chairmanship is getting more and more intense. BlackRock's investment heavyweight, Rieder, is set to meet with Trump this Thursday to compete for the Fed Chair position. According to data from the Kalshi platform, his chances of winning have already surged to 9%.

This highly touted candidate has recently started to make bold statements, directly calling for a 50 basis point cut. What does that mean? It’s to reduce the current interest rate of 3.5%-3.75% to a neutral level of 3%. His reasoning is that this can stabilize the economy while loosening credit conditions.

Coincidentally, Trump has been pressuring for a rate cut, and Powell has been embroiled in various investigation controversies. Rieder’s stance is exactly what the White House would like to see. Industry insiders are pondering whether, if this guy really takes the position of Fed Chair, the liquidity in the crypto market could see a significant boost. With ample funds, the activity across various assets is sure to increase.