Bitcoin Rallies as Trump Appoints Pro-Bitcoin Economist to Fed
- Stephen Miran’s Fed appointment, Bitcoin surge, potential rate cuts.
- Bitcoin leads crypto rally post-nomination.
- Market expects dovish monetary policy changes.
President Donald Trump has appointed Stephen Miran, a Bitcoin-friendly economist, to the Federal Reserve Board on August 7, 2025, fueling optimism in the cryptocurrency markets.
Miran’s appointment is seen as a move to leverage Fed policy towards rate cuts, fueling a bullish sentiment in Bitcoin and broader digital asset markets.
Stephen Miran, a Bitcoin-friendly economist, was appointed by President Trump to the Federal Reserve Board on August 7, 2025.
The nomination boosts Bitcoin and crypto markets, with expectations of a dovish monetary policy shift.
Stephen Miran’s Fed Role Sparks Crypto Optimism
Miran’s appointment as a temporary Federal Reserve Board member has sparked optimism in crypto markets. A Ph.D. in Economics from Harvard, he is aligned with Bitcoin-friendly policies. Donald J. Trump, President of the United States stated, “In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University and served with distinction in my First Administration. He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled.”
In recent years, Miran has served as an advisor in Trump’s administration, endorsing pro-bitcoin economic stances. His influence at the Federal Reserve is considered pivotal in implementing dovish monetary policies.
Bitcoin, Ethereum Surge on Miran Nomination
The appointment provoked a positive response in the cryptocurrency markets, with Bitcoin and Ethereum showing substantial gains. Analysts believe Miran’s impact will push for lower interest rates. Satyam Singh, Crypto Enthusiast noted, “His background and experience in economics will no doubt be valuable during this interim period.”
This move is seen as a reflection of Trump’s broader economic strategy. Financial markets anticipate rate cuts at the upcoming Federal Reserve meetings, spurred by Miran’s pro-crypto stance.
Pro-Crypto Policy Could Drive Bullish Markets
Fed appointments favoring low-interest rates have historically rallied risk assets, notably observed during Jerome Powell’s leadership. Miran’s appointment brings similar optimism to both crypto and traditional markets.
Past market trends suggest a possible increase in crypto investments and market activity. Stephen Miran’s alignment with dovish policies could solidify a bullish trend in digital assets.
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