Is the Federal Reserve about to change to a 'knowledgeable' chairman?
🍿 What happened?
Recently, a name has been circulating wildly in both the cryptocurrency and traditional finance circles: Kevin Warsh.
Trump has nominated him to be the next chairman of the Federal Reserve! This is not just an ordinary personnel change; Warsh is regarded as a 'hawk' on monetary policy, yet his attitude towards Bitcoin is surprisingly interesting. He once said that Bitcoin is like a 'policy police,' helping to monitor whether the government is messing up the economy, and even stated: 'If you are under 40, Bitcoin is your new gold!' (Source: Interview on CNBC in 2021)
🌸 How does Hana view this?
Although Warsh praises Bitcoin as the 'coolest software,' he actually values 'discipline' and does not like excessive monetary easing.
✦ Deep connections: He is not just talking; he was an early advisor at Bitwise and participated in early algorithmic stablecoin projects.
✦ Token correlation: Although he hasn't issued a coin, the market currently sees his nomination as a dual signal of 'liquidity tightening' and 'policy transformation.'
If Warsh really takes office, the tokens that might be driven:
✦ $BTC : He refers to it as 'new gold,' and his ascension could further elevate BTC's status as a 'reserve asset' at the official level in the U.S.
✦ Algorithmic stablecoins/stablecoin types: Because he has invested in Basis, the market may start to speculate on some decentralized stablecoin projects.
✦ $XRP /$XLM (cross-border payment type): Warsh strongly emphasizes that the U.S. needs to develop a 'Wholesale CBDC' to counter China. Although he does not intend to replace the U.S. dollar, he maintains an open attitude towards underlying blockchain technology.
🗨️ What is everyone arguing about?
✦ Bulls: 'Insider information in the crypto world' is taking over! A knowledgeable person becomes chairman, paving the way for Bitcoin to be a national reserve, and the bull market is taking off! 🚀
✦ Bears: Warsh is too hard-handed; if he starts tightening the money supply, everyone will have no funds to play with. Especially since Trump wants a 15% economic growth, but Warsh wants to reduce the balance sheet—will these two end up arguing in the office? 🤔
🌸 Hana's musings ~ Who cares who is in charge, as long as the regulatory framework becomes clearer, it's a good thing! Contracts can be skipped, but the gossip cannot be missed! Let's continue to enjoy the gossip with Hana! ~
