Bitcoin News
By Dan Saada
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Who is Stephen Miran?. Stephen Miran, currently serving as the chairman of the Council of Economic Advisors, has a track…
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Market Reaction: Bitcoin Price Rises. Traders quickly responded to the reveal , interpreting it as a positive signal for risk assets…
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Inflation Concerns Remain. Despite the bullish outlook from Bitcoin investors, not everyone sees the move in a positive light.
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Treasury Auctions and Gold Trends Signal Market Jitters. Another worrying sign is the performance of recent U.S.
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Outlook: Bitcoin’s Role in a Changing Financial Landscape. The nomination of Stephen Miran could represent a broader shift in how U.S.
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Bitcoin saw a sharp price uptick this week following former U.S. President Donald Trump's decision to nominate Stephen Miran—a known advocate of Bitcoin—to the Federal Reserve…
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Bitcoin rose by around 2%, crossing $117,500 on the news, reflecting increased trader confidence that looser policy decisions may follow Miran's appointment.
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Stephen Miran, currently serving as the chairman of the Council of Economic Advisors, has a track record of supporting Bitcoin. He previously worked in the U.S.
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Miran is expected to take over the seat recently vacated by Adriana Kugler and serve until January 31, 2026, pending approval.
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Magadini explained that a dovish Fed—one that favors lower interest rates and easier monetary policy—tends to be bullish for Bitcoin.
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Bitcoin ETFs also reflected this sentiment shift. On the same day as the nomination, Bitcoin exchange-traded funds pulled in $91.6 million, snapping a four-day streak of outflows.
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“If the Fed loses its independence and ability to fight inflation, this starts to look like a mini 1970s moment,” he said.
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The 1970s were marked by severe inflation and declining faith in U.S. monetary leadership, culminating in the collapse of the Bretton Woods system.
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Recent data adds fuel to that concern. The latest Personal Consumption Expenditures (PCE) index, the Fed’s preferred inflation measure, rose to 2.
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Another worrying sign is the performance of recent U.S. Treasury auctions, which have shown weaker demand—a red flag that investors are beginning to question the government’s…
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