The financial markets are reacting big-time to Donald Trump’s latest reported retreat. He just recently appointed his current Chairman of the Council of Economic Advisors, Stephen Miran, to that same empty seat at the Federal Reserve. Miran, a former Treasury official and a noted advocate for the adoption of Bitcoin, will sit in the role through January 31, 2026. The appointment has generated a lot of debate because of Miran’s positions on monetary policy and digital assets.
Miran has been very vocal about the inaccuracy of today’s inflation models. So far he’s suggested the Fed take a less aggressive path toward raising interest rates. This policy of hawkishness, alongside his pro-Bitcoin position, has sparked speculation about a possible seismic shift in the Fed’s approach.
Miran's Views on Monetary Policy
Stephen Miran’s views on economic policy have sparked quite a controversy. His recent critique on X (formerly Twitter) of major inflation models has sent shock waves across the wonkverse. Most recently, he has challenged the prevailing approach to measuring inflation. That raises the prospect of a shift to a more accommodative monetary policy. Such a policy would mean fewer increases in interest rates and more concern about boosting economic growth.
The appointment is particularly exciting with the context of Miran’s background. As a veteran Treasury official, he brings a keen appreciation for all the nuances and complexity of economic policy. His advocacy for Bitcoin brings a third and very different dimension to his profile. This immediate regulatory response to the market has ignited rampant speculation as to how we may see digital assets’ regulatory landscape shifting.
If confirmed, Miran’s impact on the Federal Reserve could be historic. His views diverge from traditional economic thought. We’ll just have to wait and see if his presence brings about a fundamental shift in the Fed’s approach to monetary policy. The potential is certainly there.
Bitcoin Market Reacts
Bitcoin's market capitalization currently stands at $2.32T. After all, the cryptocurrency has historically thrived in environments of increasing inflation and a declining dollar. Miran’s appointment has unsurprisingly fired up imaginations inside the crypto boomtown. His appointment to the Fed might indicate a more welcoming regulatory posture towards digital assets.
Bitcoin Hyper, an ambitious project to make Bitcoin faster and more scalable, is of similar popularity. It holds the potential to render Bitcoin more scalable, speedy and economical. An accompanying Layer 2 version would be pursued with the intention of not harming the Layer 1 version’s security or core principles. Unlocking exclusive incentives $HYPER, the native currency of Bitcoin Hyper, unlocks amazing benefits. Take advantage of lower gas fee, receive governance rights, earn staking rewards up to 139% APY!
Well, the $HYPER presale, which opened on May 16th, 2025, has already drawn in over $7.7M. This points to deep investor appetite for solutions built to make Bitcoin more useful. The Runes protocol recently set off a sudden spike in transaction demand before the April 2024 halving event. Consequently, Bitcoin network fees as a whole surged, surpassing $128 in fees. This highlights how critical scalability solutions are in the immediate future.
Industry Expert Weighs In
Leah is a British journalist who holds a BA in Journalism, Media and Communications. In addition to that, she joined us with content writing experience of almost a decade. She’s written for software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag) industries. In recent years, Leah’s work has largely shifted toward developing and supporting Web3 technologies. This is largely powered by her infectious excitement for all things decentralization and tech innovation.
Leah's expertise provides valuable insights into the potential implications of Miran's appointment. Her nuanced understanding of Web3 technologies puts her in a solid position to assess the long-term impact on the crypto marketplace. Her experience in journalism certainly allows her to come at the sideline report from an impartial angle.
Industry experts such as Leah will remain an indispensable asset moving forward, breaking down these big developments. This crucial analysis not only allows investors and the public to understand the critical dance taking place between regulatory policy and technological innovation.
