According to The Kobeissi Letter, Bloomberg reports that US Treasury Secretary Scott Bessent is being considered as a potential successor to Fed Chair Jerome Powell. This development follows former President Trump's recent statement that his nominee for the next Fed Chair will be announced soon. Traders should closely monitor this situation, as a change in Fed leadership could signal shifts in US monetary policy, affecting interest rates, inflation expectations, and ultimately the risk appetite in both traditional and crypto markets. Historically, Fed policy direction has had a direct impact on Bitcoin price trends and overall cryptocurrency market liquidity. (Source: The Kobeissi Letter on Twitter, June 10, 2025; Bloomberg)