Opinion: The market views Powell's appointment as Federal Reserve Chairman as a bearish signal for Bitcoin

SmartContractAuditor · 2026-01-30T16:12:13+00:00

10x Research founder Markus Thielen pointed out that Kevin Warsh's return is seen by the market as a bearish signal for Bitcoin. He advocates for raising interest rates and reducing liquidity, viewing cryptocurrencies as speculative assets after the end of an easing policy. Warsh's stance contradicts Trump's call for rate cuts, raising concerns among analysts.

SmartContractAuditor

2026-01-30 16:12:13

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Odaily Planet Daily reported that 10x Research founder Markus Thielen stated that the market generally views Kevin Warsh’s return as a bearish signal for Bitcoin. Kevin Warsh emphasizes monetary discipline, raising real interest rates, and advocates for reducing liquidity, which causes cryptocurrencies to be seen as speculative excess that will fade when loose monetary policy ends, rather than as hedges against currency devaluation.

Previously, Kevin Warsh mentioned inflation risks multiple times during the 2008 financial crisis and was critical of quantitative easing policies. Currently, Trump is calling for a rapid rate cut, but Kevin Warsh’s historically hawkish stance conflicts with this, leading some analysts to doubt whether he can align with rate cut policies in the future.

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