Opinion: Powell's Reappointment as Fed Chair Could Be Bearish for Crypto Markets

BlockBeats News, on January 30th, Markus Thielen, founder of 10x Research, expressed his views on Trump's nomination of Kevin Warsh as the next Fed chair, stating, "The market generally believes that Warsh's election is bearish for Bitcoin because he emphasizes monetary discipline, higher real interest rates, and lower liquidity, which no longer sees cryptocurrency as a hedge against currency debasement, but as a speculative excessive behavior; when loose monetary policy exits, this excessive behavior will disappear, from this perspective, his approach is likely to lead to higher unemployment, slower economic recovery, and greater deflation risks in the 2010s."