It happened, much more terrible than I imagined.

If Kevin Warsh is appointed as Chairman of the Fed (with a high likelihood based on the latest news as of January 30, 2026), the impact on the crypto market will be complex, but mainly negative in the short term due to his hawkish stance. Below is a detailed analysis based on policy perspective and historical market reactions:1. Warsh's monetary policy perspective – The main factor affecting cryptoWarsh is a typical hawkish candidate: He strongly opposes QE (quantitative easing), supports a rapid reduction of the Fed's balance sheet, and prioritizes stricter inflation control to support short-term growth.