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Fed backstop of US stocks could lift crypto, Bitget Wallet COO says

The size and scope of the US stock market gives policymakers a strong incentive to prevent major drawdowns, Bitget Wallet COO Alvin Kan said. On that structural argument, Kan sees a Federal Reserve move to support equities as a scenario…

By Sofia Almeida·Jul 9, 2026·1 min read·crypto

The size and scope of the US stock market gives policymakers a strong incentive to prevent major drawdowns, Bitget Wallet COO Alvin Kan said. On that structural argument, Kan sees a Federal Reserve move to support equities as a scenario that would carry positive spillover for crypto.

The incentive structure Kan describes

Equity markets are large enough in their reach across household savings and institutional portfolios that significant drawdowns generate pressure for intervention. Kan's reading is that this scale makes a Fed backstop a credible policy scenario, one from which crypto would benefit alongside equities.

Reading the claim carefully

The argument is conditional, not a forecast. No price levels, rate decisions, or timelines appear in the source. The headline's "analysts" framing is attributed by name, in the available source text, to Kan alone. His point is that the incentive exists. Whether it translates to action is left unaddressed.

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Key takeaways

Frequently asked

Who made the claim about a Fed backstop lifting crypto?

Bitget Wallet COO Alvin Kan made the claim, and the source attributes the headline's "analysts" framing to him alone.

Why does Kan think the Fed has an incentive to support stocks?

He argues the US stock market is large enough in its reach across household savings and institutional portfolios that significant drawdowns generate pressure for intervention.

How would a Fed backstop of equities affect crypto, according to Kan?

Kan believes such a move would carry positive spillover for crypto, benefiting it alongside equities.

Is Kan predicting the Fed will actually act?

No; the argument is conditional, not a forecast, and whether the incentive translates to action is left unaddressed.

Does the article include specific prices, rates, or timelines?

No, the source contains no price levels, rate decisions, or timelines.