Bitcoin Advances After Trump Taps Bitcoin-Friendly Economist for Fed Role | NYGazet

Trump’s nomination of a pro-Bitcoin economist is seen as a tilt toward looser policy, though some warn it could erode the bank’s independence.

In brief Trump has tapped Bitcoin-friendly economist Stephen Miran for a seat on the Federal Reserve Board. Bitcoin jumped 2%, topping $117,500 as traders expect looser Fed policy under Miran. Still, one analyst warns the Fed’s credibility could erod... [2663 chars]