🚨 Kevin Warsh and Bitcoin: "Hawk" at the Fed.. and a friend of digital gold? 🦅₿
With the rise of Kevin Warsh's name as a strong candidate for the chairmanship of the U.S. Federal Reserve, the crypto community is asking: Are we on the verge of a new era for Bitcoin?
Here’s a summary of the relationship in 4 points:
1️⃣ Believer in digital gold: Warsh is no stranger to crypto; he sees Bitcoin as a modern alternative to gold and considers it a "store of value" that protects investors from the whims of monetary policy.
2️⃣ Former investor: Unlike traditionalists, Warsh has previously invested his money in this sector (as an investor in Bitwise), making him more aware of the technical and investment aspects of digital currencies.
3️⃣ The other side (financial hawkishness): Despite his love for Bitcoin, he is nicknamed the "hawk." His policy focuses on fighting inflation and increasing financial discipline, which could mean "less liquidity" in the markets, explaining recent Bitcoin caution and its trading around the $80,000 levels.
4️⃣ Guardian of the dollar: He supports the digitization of the dollar to enhance its power globally, but he rejects encroachments on privacy, a stance respected by advocates of financial freedoms.
Conclusion: Warsh may grant Bitcoin unprecedented "institutional legitimacy," but he won't distribute the "easy money" that speculators love.
