đš Kevin Warsh Leads Fed Chair Race â What It Could Mean for BTC & Crypto
According to PolYmarket data, Kevin Warsh is now the top candidate to become the next Federal Reserve Chair under Trump. Markets are already reacting â and not everyone is comfortable with what this could mean.
đïž Why markets are uneasy:
Warsh is viewed as a credibility-first candidate, not a âmarkets-firstâ Fed head. Since 2008, the Fed has often acted like an insurance policy for assets â stepping in quickly whenever stress appears. A Warsh-led Fed could mark a shift away from that mindset.
đȘ Short-term impact on Bitcoin & crypto:
Warsh favors less automatic intervention and tighter discipline. That likely means:
âą Less liquidity support
âą Reduced tolerance for market stress
âą Headwinds for risk assets like BTC in the short run
This is not ideal for fast upside moves driven by easy money.
đ Medium to long-term angle (the Bitcoin paradox):
If Warsh succeeds in restoring monetary discipline, Bitcoinâs role as a scarce, neutral, non-sovereign asset becomes more legitimate at a structural level â even if price faces pressure initially.
If he fails and fiscal dominance takes over, loss of confidence in traditional policy could also drive demand for BTC.
đ Big picture:
Either path increases uncertainty. Short-term volatility is likely. Long-term, Bitcoinâs role in the global monetary system may become even more relevant.
The next four years look volatile, non-linear, and full of macro-driven moves.
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