Opinion: Nomination of Kevin Warsh as Fed Chair Brings Mixed Sentiments for Bitcoin

Odaily News According to reports, the US President has nominated Kevin Warsh as the new Federal Reserve Chair. Thomas Perfumo, Global Economist at Kraken, commented on this, stating that this nomination suggests overall market liquidity is expected to stabilize rather than expand significantly, maintaining a complex macro backdrop for Bitcoin and cryptocurrencies. Nic Puckrin, Co-founder of Coin Bureau, believes that due to Kevin Warsh's advocacy for reducing the Federal Reserve's balance sheet, market concerns over a future low-liquidity environment have led to declines in the cryptocurrency, stock, and precious metals markets. Current data from CMEGroup shows that 85% of market participants expect the March 18th meeting to keep interest rates unchanged.