{"id":417822,"date":"2026-01-23T03:42:29","date_gmt":"2026-01-22T22:12:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/powerful-pro-bitcoin-blackrock-exec-could-become-next-fed-chair-crypto-news\/"},"modified":"2026-01-23T05:11:59","modified_gmt":"2026-01-22T23:41:59","slug":"powerful-pro-bitcoin-blackrock-exec-could-become-next-fed-chair-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/powerful-pro-bitcoin-blackrock-exec-could-become-next-fed-chair-crypto-news\/","title":{"rendered":"Powerful Pro-Bitcoin BlackRock Exec Could Become Next Fed Chair &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article__contents\">\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a rel=\"nofollow\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h273803\">The neutral rate pitch\u00a0<\/a><\/li>\n<li class=\"article__contents-item\"><a rel=\"nofollow\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h373803\">A long-time Bitcoin supporter\u00a0<\/a><\/li>\n<\/ul>\n<\/div>\n<p dir=\"ltr\">The race to replace Jerome Powell as Chairman of the Federal Reserve has taken\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/PolymarketMoney\/status\/2014402741188071814\"><u>a sharp turn\u00a0<\/u><\/a>toward Wall Street\u2019s most powerful asset manager.<\/p>\n<p dir=\"ltr\">Rick Rieder, BlackRock\u2019s Chief Investment Officer of Global Fixed Income, has seen his odds of securing the nomination surge in recent days.\u00a0<\/p>\n<p dir=\"ltr\">According to data from prediction market Polymarket, Rieder\u2019s odds of being nominated have jumped from single digits earlier this month to 32% as of Thursday.\u00a0<\/p>\n<p dir=\"ltr\">He is now the second-leading contender, closing the gap with former Fed Governor Kevin Warsh, who leads the pack at roughly 44%.<\/p>\n<p dir=\"ltr\">The sudden repricing follows reports from Bloomberg and other outlets that Rieder had a Thursday meeting at the Oval Office.<\/p>\n<h2>The neutral rate pitch\u00a0<\/h2>\n<p dir=\"ltr\">Chair Jerome Powell has maintained a &#8220;higher for longer&#8221; stance to crush the last remnants of inflation. However, Rieder has been publicly advocating for a pivot.<\/p>\n<p dir=\"ltr\">He has argued that the &#8220;neutral&#8221; rate is closer to 3%. The current Fed funds rate sits significantly higher (in the 3.5%\u20133.75% range after December cuts).<\/p>\n<div class=\"article__related\">\n<p>You Might Also Like<\/p>\n<div class=\"news__item\">\n<div class=\"news__item-img--wrap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p dir=\"ltr\">Rieder has also expressed an &#8220;atypical&#8221; tolerance for U.S. deficits, arguing that global demand for U.S. assets remains robust enough to absorb the supply.<\/p>\n<p dir=\"ltr\">He has also echoed Treasury Secretary Scott Bessent\u2019s call for the Fed to use its balance sheet more &#8220;creatively,&#8221; meaning that the Fed would be willing to provide liquidity to strategic sectors of the economy.<\/p>\n<h2>A long-time Bitcoin supporter\u00a0<\/h2>\n<p dir=\"ltr\">Back in 2021, as\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/u.today\/87-trillion-asset-manager-blackrock-expects-bitcoin-to-be-part-of-investment-arena-for-years-to\"><u>reported by U.Today<\/u><\/a>, Rieder described Bitcoin as &#8220;interesting&#8221; and, most importantly, &#8220;durable.&#8221; He predicted that the flagship cryptocurrency would be part of the investment landscape for years to come.\u00a0<\/p>\n<p dir=\"ltr\">Fast forward to 2026, and Rieder\u2019s 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.\u00a0<\/p>\n<p dir=\"ltr\">Alexander Grieve, vice president of government affairs at cryptocurrency investment firm Paradigm, has\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/AlexanderGrieve\/status\/2014423648677872030\"><u>quipped<\/u><\/a> that BlacRock is now taking over both Bitcoin and the Fed.\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The neutral rate pitch\u00a0 A long-time Bitcoin supporter\u00a0 The race to replace Jerome Powell as Chairman of the Federal Reserve has taken\u00a0a sharp turn\u00a0toward Wall Street\u2019s most powerful asset manager. Rick Rieder, BlackRock\u2019s Chief Investment Officer of Global Fixed Income, has seen his odds of securing the nomination surge in recent days.\u00a0 According to data [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":417827,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-417822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/417822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=417822"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/417822\/revisions"}],"predecessor-version":[{"id":417828,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/417822\/revisions\/417828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/417827"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=417822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=417822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=417822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}