This week’s biggest macro event is the end of Federal Reserve Chair Jerome Powell’s term, with an official handover on May 15. The successor is Kevin Wirth.

Why does this matter? Because Wirth’s monetary policy style is somewhat different from Powell’s. He was previously known as a “hawk,” emphasizing controlling inflation. But interestingly, he once publicly said that $BTC is “digital gold for the young,” and he also opposed a central bank digital currency. For the crypto market, this is a somewhat friendly signal.

In the short term, the market needs time to digest the uncertainty surrounding the change in leadership, and volatility may increase. In the medium term, if Wirth pushes for rate cuts, that would be positive for mainstream digital currencies. If he continues tightening, the pressure won’t be small either.

But one deeper, underlying logic remains unchanged: no matter who the Fed Chair is, the thing that drives BTC’s price is always how much money is printed globally. As long as countries keep “loosening the taps,” demand for “hard assets” won’t disappear. #Gate广场五月交易分享

So don’t just look at who becomes chair—watching the big-picture direction of global liquidity is more important than focusing on any single person.