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good
Hello friends 🙋
✨Jerome Powell's term ends in May 2026.
Trump selected/nominated Kevin Warsh as the new Fed Chairman.
🔶Market reaction
Rapid selling pressure .Bitcoin retreated to the ~$76,000-$81,000 range.
🔶Total crypto market capitalization dropped to ~$2.6-2.7 trillion.
✴️Kevin Warsh's Crypto Views
Kevin Warsh, a former Fed Governor and current Fed Chairman nominee, has a generally neutral-positive but definitely not enthusiastic profile on crypto, which has evolved over time. Kevin Warsh does not see Bitcoin as a "dangerous competitor"; rather, he considers it a mirror and guardian of discipline in monetary policy. Therefore, he is not an enemy of the crypto ecosystem, but he will also not be a great friend or pumper. His views are generally focused on macro discipline, and he positions Bitcoin in a positive but limited role within this framework.
Good night and good luck 🤞 everyone.