$ENA 🚨
#TRUMP SELECTS NEW FED CHAIR — MARKETS REACT IMMEDIATELY
Kevin
#Warsh Has Been Chosen As The Next Federal Reserve Chair.
The Official Announcement Is Expected Tomorrow Morning.
Bitcoin Dropped To ~$81,000 Within Minutes Of The News.
This Was Not Technical Selling — It Was Macro Repricing.
HERE IS WHAT IS ACTUALLY HAPPENING →
Jerome Powell’s Term As Chair Ends In May,
But He Can Remain On The Board Of Governors Until 2028.
That Limits How Quickly Trump Can Reshape The Fed.
At The Same Time, The DOJ Has Opened An Investigation Into Powell
Related To Fed Headquarters Renovation Costs.
Powell Called It Intimidation.
Trump Publicly Criticized Powell This Week.
The Relationship Is Effectively Broken.
WHO IS KEVIN WARSH — AND WHY DOES CRYPTO CARE?
Kevin Warsh Served As A Fed Governor From 2006–2011.
He Comes From A Traditional Wall Street Background.
He Was Trump’s Finalist For Fed Chair In 2017
Before Powell Was Ultimately Selected.
The Concern For Crypto Markets Is His Philosophy.
In A 2022 Wall Street Journal Op-Ed, Warsh Described Bitcoin As
“Software Masquerading As Money.”
He Argued That Private Cryptocurrencies Are Not Real Money
And Publicly Supported A U.S. Central Bank Digital Currency.
That View Conflicts Directly With Trump’s Pro-Bitcoin Rhetoric.
WARSH’S MONETARY STANCE MATTERS MORE THAN HIS WORDS →
• Prefers Tighter Liquidity Conditions
• Supports Higher Real Interest Rates
• Wants A Smaller Federal Reserve Balance Sheet
During The 2008 Financial Crisis —
With Unemployment Near 9% And Inflation Below 1% —
Warsh Still Warned About Inflation Risks.
He Has Consistently Taken A Hawkish Position.
His Core Belief →
Crypto Exists Primarily Because Of Easy Money.
Remove Liquidity — Speculation Contracts.
POWELL VS WARSH — THE KEY DIFFERENCE →
Powell’s Dovish Policies Expanded Liquidity
And Supported Risk Assets.