What could changes in the Fed’s personnel bring? Recently, CICC released a report worth noting: If Trump does nominate Hassett as the next Fed Chair, U.S. Treasury yields and the dollar index might follow a “dip-then-rise” curve.

What does this have to do with the crypto market? The logic isn’t complicated—

Suppose Hassett takes office in Q1 next year and sends out dovish signals. The dollar will face short-term pressure, and some liquidity will seek higher-yield, riskier assets. At this point, the crypto market might see a wave of short-term capital inflows, with a warmer market sentiment.

But don’t get too excited yet. Once the easing expectations are realized and economic data picks up, the dollar will likely strengthen again, and funds will flow back to traditional markets. When that happens, crypto asset volatility will inevitably increase. This “sweet first, bitter later” scenario is common in macro cycles.

So what should retail investors do?

First, don’t bet one-sided. Whether you’re bullish or bearish, the market won’t follow your script. Second, keep an eye on two signals: one is the tone of the new Fed Chair’s first speech, and the other is hard data like non-farm payrolls and CPI. Policy shifts are often hidden in the details.

Third, and most important—position management is much more reliable than trying to predict price moves. During periods of volatility, hold onto a core position to secure your chips, while keeping enough cash on hand for pullbacks, and gradually build positions in fundamentally strong assets. Chasing highs and selling lows will only wear you out—slow is fast.

The macro variables are always there. Whether you can seize the opportunity depends on patience and discipline. Are you ready?