Fed Dynamics

Popular Candidate Supports Bitcoin Over Gold

Fed Chair frontrunner Rick Rieder publicly states that Bitcoin will surpass gold as a store of value and recommends investors allocate to this asset.

Key points: Rieder's prediction probability rises to 46%, having forecasted Bitcoin's superiority over gold in 2020; recently criticized Fed's slow rate cuts, aligning with Trump's views.

Market impact: This statement strengthens the legitimacy of crypto assets, potentially driving more institutional capital into the digital currency space and boosting market sentiment.