Market Volatility Increases Amid Speculation Over New Federal Reserve Chair

Jack Kong, CEO of Nano Labs, posted on X. Speculation about the appointment of a new Federal Reserve Chair, reportedly the son-in-law of Estée Lauder, has led to market instability even before the official announcement. The potential appointment has sparked discussions about the intersection of family interests and monetary policy, drawing comparisons to dramatic narratives. The dual-track policy approach, characterized by simultaneous acceleration and braking, along with the removal of forward guidance, has left the market in uncertainty. A common saying on Wall Street suggests that when the Federal Reserve Chair begins to compromise, the market starts to collapse. Amid this uncertainty, Bitcoin's value proposition has become more apparent.