Powerful Pro-Bitcoin BlackRock Exec Could Become Next Fed Chair
Analysis
Price Impact
HighThe potential nomination of rick rieder, a known bitcoin supporter and advocate for lower 'neutral' interest rates, as fed chair could significantly ease monetary policy and create a more favorable environment for risk assets, especially bitcoin.
Trustworthiness
HighThe information is reported by u.today, citing bloomberg and polymarket data, regarding a blackrock cio who has had a meeting at the oval office. his past statements on bitcoin are well-documented.
Price Direction
BullishA fed chair who is pro-bitcoin and leans towards lower interest rates (a more dovish stance) would reduce the cost of capital and potentially increase liquidity, which is generally bullish for cryptocurrencies like bitcoin.
Time Effect
LongThe process of a fed chair nomination and subsequent policy shifts takes time to materialize and exert full influence on the market. any changes in monetary policy have long-term structural effects.
Original Article:
Article Content:
Cover image via www.youtube.com Read U.TODAY on Google News The neutral rate pitch A long-time Bitcoin supporter Advertisement The race to replace Jerome Powell as Chairman of the Federal Reserve has taken a sharp turn toward Wall Street’s most powerful asset manager. Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, has seen his odds of securing the nomination surge in recent days. According to data from prediction market Polymarket, Rieder’s odds of being nominated have jumped from single digits earlier this month to 32% as of Thursday. HOT Stories Powerful Pro-Bitcoin BlackRock Exec Could Become Next Fed Chair 'Thinking About Buying More Bitcoin': Michael Saylor Reacts to Bitcoin Price Collapse With Bull Statement Morning Crypto Report: Ripple Legend Co-Signs Binance Twist, 'Digital Silver' Litecoin Raises Halving Alarm, XRP Price Enters 'Crocodile' Zone XRP Hits ‘Extreme Fear’ After 19% Drop He is now the second-leading contender, closing the gap with former Fed Governor Kevin Warsh, who leads the pack at roughly 44%. Advertisement The sudden repricing follows reports from Bloomberg and other outlets that Rieder had a Thursday meeting at the Oval Office. The neutral rate pitch Chair Jerome Powell has maintained a "higher for longer" stance to crush the last remnants of inflation. However, Rieder has been publicly advocating for a pivot. He has argued that the "neutral" rate is closer to 3%. The current Fed funds rate sits significantly higher (in the 3.5%–3.75% range after December cuts). Advertisement You Might Also Like Thu, 01/22/2026 - 15:00 'Thinking About Buying More Bitcoin': Michael Saylor Reacts to Bitcoin Price Collapse With Bull Statement By Gamza Khanzadaev Rieder has also expressed an "atypical" tolerance for U.S. deficits, arguing that global demand for U.S. assets remains robust enough to absorb the supply. He has also echoed Treasury Secretary Scott Bessent’s call for the Fed to use its balance sheet more "creatively," meaning that the Fed would be willing to provide liquidity to strategic sectors of the economy. A long-time Bitcoin supporter Back in 2021, as reported by U.Today , Rieder described Bitcoin as "interesting" and, most importantly, "durable." He predicted that the flagship cryptocurrency would be part of the investment landscape for years to come. Fast forward to 2026, and Rieder’s prediction appears prescient. BlackRock is, of course, is also the biggest player on the cryptocurrency ETF scene. IBIT alone boasts a staggering $70 billion in assets under management. Alexander Grieve, vice president of government affairs at cryptocurrency investment firm Paradigm, has quipped that BlacRock is now taking over both Bitcoin and the Fed. #Bitcoin News #Rick Rieder #BlackRock