Miran Pick Is Bullish for Crypto

Note: Apologies for the suboptimal audio quality. This one was recorded in an airport.

Discussed in today’s video:

• Fed governor news drives markets – Morning reports of Chris Waller in the running gave way to confirmation that Trump plans to nominate Stephen Miran, chair of the Council of Economic Advisors.
• Bearish dollar – Miran advocates using tariffs and a weaker dollar to correct trade imbalances and has outlined coordinated Fed and Treasury measures to push the dollar lower.
• Market reaction – The DXY dropped sharply on the news while BTC and alts rallied. The Coinbase premium spiked into the US close, signaling strong spot demand.
• Potential catalyst shift – Fed cuts into above-target inflation and solid growth were previously viewed as a Q4 crypto catalyst but Miran’s appointment could pull that upside risk forward.
• Treasury company premiums rising – Expanding NAV premiums in DATs are an encouraging sign and indicate greater capacity for spot buying from these marginal market participants.

Tickers in this video: BTC