Viewpoint: Market Views Warsh's Appointment as Fed Chair as a Bearish Signal for Bitcoin

Odaily News According to Markus Thielen, founder of 10x Research, the market generally views Kevin Warsh's return as a bearish signal for Bitcoin. Kevin Warsh emphasizes monetary discipline, advocates for higher real interest rates, and supports reducing liquidity. This stance positions cryptocurrencies as speculative excesses that would fade with the end of loose monetary policy, rather than as a hedge against currency devaluation.

Previously, during the 2008 financial crisis, Kevin Warsh repeatedly mentioned inflation risks and was critical of quantitative easing policies. Currently, Trump is demanding rapid interest rate cuts, which conflicts with Kevin Warsh's historically hawkish stance. Some analysts are skeptical about his future ability to cooperate with interest rate cut policies.