BREAKING: đșđž President Trump officially selects Kevin Warsh as new Federal Reserve Chair.
Why crypto traders should pay attention:
â Warsh called Bitcoin a âgood policeman for policyâ that signals when the Fed is getting it wrong
â Heâs an adviser to Bitwise and has invested in crypto projects
â Michael Saylor says heâs âthe first pro-Bitcoin Chairman of the Federal Reserveâ
â ïž But hereâs the flip side: Warsh has historically been a hawk who favors tighter monetary policy and shrinking the Fed balance sheet. Thatâs typically bearish for risk assets like BTC.
The real question: Will he follow Trumpâs push for aggressive rate cuts, or stick to his disciplined roots?
Either way, this is a major shift from Powell. The Fed just got a lot more interesting.
Whatâs your take? Bullish or bearish? đ
