- Pro-Bitcoin and pro-crypto candidate Kevin Warsh could become the Fed’s new chairman.
- Warsh has been a proponent of Bitcoin during Trump’s first term.
- Warsh has also served as a member of the FED board.
- Current chairman Jerome Powell’s tenure ends in May 2026.
Michael Saylor Discloses Next Fed Chairman
Michael Saylor, one of the largest crypto moguls, head of the largest Bitcoin Treasury, and a close Trump confidante, has revealed the name of the next Federal Reserve Chairman, Kevin Warsh.
Warsh is a Trump ally and has served as a board member of the Federal Reserve Banks.
He is considered one of the most pro-Bitcoin candidates among all of Trump’s appointments. Warsh has been known to compare Gold to Bitcoin as early as 2020 during the Biden era. Here is a Reddit post showing his early support for Bitcoin.
Warsh has already served as a key board member in the Federal Reserve Board, meaning he is well acquainted with the workings and intricacies of the Federal Reserve Bank System.
Tenure of Current Fed Chairman Jerome Powell Ends Soon
The current Federal Reserve Chairman, Jerome Powell, has been at loggerheads with the Trump administration over his policy of high interest rates, citing high inflation (around 3%) and strong jobs data. Trump, on the other hand, sees rates as suitable for a cut and also disputes the reliability of the jobs data.
Trump calls Jerome Powell biased against him and his government. One Twitter user showed evidence against this, saying that Powell and his predecessors have been keeping interest rates lower during Democrat administrations to boost the economy while keeping them high in the Trump era. Evidently, the data has been consistent with the claims in the tweets.
Will Kevin Warsh Fulfill Trump’s Dream of Ultra-Low Rates
Donald Trump wants interest rates to remain ultra-low, below 1.5% because of multiple reasons.
- The US Government now stands at a point where its debt reached $37 trillion.
- The interest on the debt alone is greater than the US Defence Budget at $1 trillion in 2025.
- Refinancing the debt is required at low rates to avoid overspending and avoid further inflation of the debt bubble.
Impact of Warsh’s Fed Presidency on Crypto Markets
As Kevin Warsh assumes the position, we expect sharp cuts of 1% or more in the Federal Reserve interest rates, essentially releasing trillions of dollars in the US economy, a bulk of which could enter the crypto markets.
By the end of Q2, we expect Bitcoin to make a new ATH based on these decisions.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
