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Bitcoin surged 2% after former President Donald Trump nominated Bitcoin-friendly economist Stephen Miran for the Federal Reserve Board. Traders anticipate looser monetary policy, but analysts warn of inflation risks reminiscent of the 1970s.
- Stephen Miran's Fed nomination signals potential dovish policy shifts, boosting Bitcoin.
- Analysts warn of 1970s-style inflation risks if the Fed loses independence under political pressure.
- Bitcoin's market cap remains small compared to traditional assets, leaving room for growth amid inflation fears.
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