From a legal perspective, the term limits for the central bank governor are quite strict—it's difficult for the president to replace them at will within a 4-year term. However, political games are rarely just about appearances.

The "psychological warfare" effect caused by frequent pressure and signals should not be underestimated. Policy makers facing ongoing pressure are likely to make some degree of compromise and adjustment in reality.

Based on this logic, the market may see several developments in the coming period: Will the central bank announce a larger rate cut at the beginning of the year? Will the tone of high-level officials' statements shift toward more accommodative economic support? declarations of political victory often coincide with short-term stock market enthusiasm.

For risk assets like Bitcoin and Ethereum, the expectation of easing itself is an important supporting signal. Regardless of how the final policies are implemented, the market's expectations for liquidity improvement have already been reflected in prices.