Powell OUT, Warsh IN as Fed Chairman SOON!

[EarnOnVictor]

Kevin Warsh has recently been voted in by U.S. Lawmakers in the Federal Reserve Board Of Governors. In a separate vote, he'll be one of the leading candidates to replace Jerome Powell as the Federal Reserve Chairman.

I believe that Kevin Warsh's investments include a portfolio of different companies in crypto, and perhaps some Bitcoin too. He'll probably be the first Fed Chairman who'll be having a large amount familiarity in Bitcoin if he wins the vote for Chairman.

-Snip-

He'll be a puppet and do what? Pivot to Full Q.E., and expand the money supply? That's probably why all of us PLEBS should own some Bitcoin, no? Let's hedge against the legacy financial system!

If indeed the Federal Reserve actually cared about the value of the fiat money they issue, then that's definitely a situation that makes Bitcoin, Gold and other scarce assets a bad investment.

Lol...this is funny! So you think my statement about being a Trump's puppet is crypto-inclined? Then you must be very wrong. That statement was one out of many, and crypto consideration for being a crypto person can only be the least of it. Perhaps you think this position will influence crypto as such? Then think otherwise, because these guys have bigger fishes to fry than for you to even think towards that angle. And if you must know, FED's absolute independence is my concern, as Trump likes to control everything, directly or indirectly.

[Kelward]

I have read about this man, he has referred to bitcoin as new gold for younger investors and an important asset for policymakers according to where I read about him. I believe United States will continue to be friendly about bitcoin during his time if he become the Fed Chair. Everything he says about bitcoin is just so true, unlike those that will not know about something, but be criticizing the thing.

I wasn't familiar with the name until recently, I congratulate him for being the new Fed chairman, he was confirmed on the 13th of this may, I hope that his tenure will bring more prosperity to the American people. I agree that his administration will be a plus for the crypto community as he has vested interest in cryptocurrency although it is still quite early to conclude that he will push for more friendlier cryptocurrency.

I'm quite sure that his priority will be to dance to the tunes of his electorates if he wants a smooth sailing for his administration. As a leader if you're bent on having your ways in everything those who made sure that you're in power will try to give you problems unless your aspirations aligns, let us watch and see how he performs and if he integrates more crypto policies.

[Swordsoffreedom]

Donald Trump have been very vocal about Jerome Powell and his policies as the Federal Reserve Chairman, concerning inflation and interest rates which he has always advocated for him to reduce interest rates so the American economy could function better.

However Jerome Powell have refused to listen to Donald Trump, which have always caused both of them to be in loggerheads, I think this was one of the reason why he has to leave the office.

We all know that Kevin Warsh is Donald Trumps Choice, and it’s a good team for Donald Trump himself for someone he can trust and work with and from my knowledge he knows more about cryptocurrency most especially bitcoin and he is an investor in cryptocurrency, its an added advantage to Bitcoin holders.

Having a Fed chairman who is crypto friendly and even invest in crypto is definitely good news. However, it is important to note that Kevin Warsh replacing Powell will not make thing change immediately or easily

Monetary policy cannot be easily changed just because we have a new Fed chairman. Fed operates based on economic data, and its decision are made through voting, not based on the personal views of the chairman.

Like Jerome Powell, Kevin Warsh only has one vote, not absolute power to decide everything at the Fed

Trump's replacement of Powell with a close associate only gives him a slight advantage in the Fed's monetary policy decision, not complete control over the Fed. Therefore, we should not get too excited about this news.

[letteredhub]

I have read about this man, he has referred to bitcoin as new gold for younger investors and an important asset for policymakers according to where I read about him. I believe United States will continue to be friendly about bitcoin during his time if he become the Fed Chair. Everything he says about bitcoin is just so true, unlike those that will not know about something, but be criticizing the thing.

I wasn't familiar with the name until recently, I congratulate him for being the new Fed chairman, he was confirmed on the 13th of this may, I hope that his tenure will bring more prosperity to the American people. I agree that his administration will be a plus for the crypto community as he has vested interest in cryptocurrency although it is still quite early to conclude that he will push for more friendlier cryptocurrency.

I'm quite sure that his priority will be to dance to the tunes of his electorates if he wants a smooth sailing for his administration. As a leader if you're bent on having your ways in everything those who made sure that you're in power will try to give you problems unless your aspirations aligns, let us watch and see how he performs and if he integrates more crypto policies.

Being the Fed Chair is a lot of weight to bear and I should believe that Kevin Warsh has a clear clue of his new position responsibilities and what's expected of him to deliver for the US economy. That said, I don't want to in a haste score him to be someone that would be mostly friendly with cryptocurrency and bitcoin in particular as it's just too early to conclude he's going make decisions that would drive bitcoin up there to the moon. We have had pominents speak with great support about bitcoin but after getting positioned their actions never matched with their previous statements anymore.

[Wind_FURY]

Kevin Warsh has recently been voted in by U.S. Lawmakers in the Federal Reserve Board Of Governors. In a separate vote, he'll be one of the leading candidates to replace Jerome Powell as the Federal Reserve Chairman.

I believe that Kevin Warsh's investments include a portfolio of different companies in crypto, and perhaps some Bitcoin too. He'll probably be the first Fed Chairman who'll be having a large amount familiarity in Bitcoin if he wins the vote for Chairman.

-Snip-

He'll be a puppet and do what? Pivot to Full Q.E., and expand the money supply? That's probably why all of us PLEBS should own some Bitcoin, no? Let's hedge against the legacy financial system!

If indeed the Federal Reserve actually cared about the value of the fiat money they issue, then that's definitely a situation that makes Bitcoin, Gold and other scarce assets a bad investment.

Lol...this is funny! So you think my statement about being a Trump's puppet is crypto-inclined? Then you must be very wrong. That statement was one out of many, and crypto consideration for being a crypto person can only be the least of it. Perhaps you think this position will influence crypto as such? Then think otherwise, because these guys have bigger fishes to fry than for you to even think towards that angle. And if you must know, FED's absolute independence is my concern, as Trump likes to control everything, directly or indirectly.

 

Get the context of the post. It DOESN'T MATTER is anything is BITCOIN-aligned or not, because history has always shown that the Federal Reserve DOESN'T CARE about the value of the fiat currency that it issues. The Federal Reserve will continue to DEVALUE the U.S. Dollar for more generations, and that's absolutely why Bitcoin will continue to INCREASE in value.

Eight Digits per Bitcoin is probable in my personal opinion.

[Iranus]

Being the Fed Chair is a lot of weight to bear and I should believe that Kevin Warsh has a clear clue of his new position responsibilities and what's expected of him to deliver for the US economy. That said, I don't want to in a haste score him to be someone that would be mostly friendly with cryptocurrency and bitcoin in particular as it's just too early to conclude he's going make decisions that would drive bitcoin up there to the moon. We have had pominents speak with great support about bitcoin but after getting positioned their actions never matched with their previous statements anymore.

We once expected that having a Bitcoin friendly president would trigger a supercycle and send bitcoin to the moon. Or a strategic Bitcoin reserve will be established and the government will buy a lot of Bitcoin...But the result is, there was no supercycle at all. Bitcoin has only risen by over 80% from its previous ath, and the strategic Bitcoin reserve is merely an executive order and they have not actually purchased a single bitcoin.

Surprisingly, after all those lessons, there are still people who believe in politicians.

[justdimin]

Being the Fed Chair is a lot of weight to bear and I should believe that Kevin Warsh has a clear clue of his new position responsibilities and what's expected of him to deliver for the US economy. That said, I don't want to in a haste score him to be someone that would be mostly friendly with cryptocurrency and bitcoin in particular as it's just too early to conclude he's going make decisions that would drive bitcoin up there to the moon. We have had pominents speak with great support about bitcoin but after getting positioned their actions never matched with their previous statements anymore.

We once expected that having a Bitcoin friendly president would trigger a supercycle and send bitcoin to the moon. Or a strategic Bitcoin reserve will be established and the government will buy a lot of Bitcoin...But the result is, there was no supercycle at all. Bitcoin has only risen by over 80% from its previous ath, and the strategic Bitcoin reserve is merely an executive order and they have not actually purchased a single bitcoin.

Surprisingly, after all those lessons, there are still people who believe in politicians.

That was something some people could actually do a lot more based on their intuition but not based on any data. Data showed early on that it was not possible for something like this to happen and yet people did not believe it and we are seeing the results of it.

You could have a gut feeling of your own and good for you to trust that but the reality is that data is obvious and historical pattern is obvious and we should not be considering to sway away from that and just focus on that. We have the bear market and bull market and we have been going in circles of that every four years so there is no reason to think that we are going to see something that would be very different from that and that is exactly what is happening.

[Haunebu]

Haven't you learnt anything from the orange clown already op? Someone possessing any sort of crypto stash does not automatically imply that they will support those cryptocurrencies since their primary intention is profiting off of those crypto.

Only gullible and naive morons would actually believe that these pro crypto politicians give a damn about improving the reputation of any particular cryptocurrency.

[shinratensei_]

Being the Fed Chair is a lot of weight to bear and I should believe that Kevin Warsh has a clear clue of his new position responsibilities and what's expected of him to deliver for the US economy. That said, I don't want to in a haste score him to be someone that would be mostly friendly with cryptocurrency and bitcoin in particular as it's just too early to conclude he's going make decisions that would drive bitcoin up there to the moon. We have had pominents speak with great support about bitcoin but after getting positioned their actions never matched with their previous statements anymore.

We once expected that having a Bitcoin friendly president would trigger a supercycle and send bitcoin to the moon. Or a strategic Bitcoin reserve will be established and the government will buy a lot of Bitcoin...But the result is, there was no supercycle at all. Bitcoin has only risen by over 80% from its previous ath, and the strategic Bitcoin reserve is merely an executive order and they have not actually purchased a single bitcoin.

Surprisingly, after all those lessons, there are still people who believe in politicians.

I think people have too high of an expectation, just because the President is a pro crypto person, doesn't mean everything will become pro crypto, there will always be an opposition.
If they passed a good executive order, that's already enough to boost the crypto growth. But even without it, crypto will grow regardless.

[fuguebtc]

Haven't you learnt anything from the orange clown already op? Someone possessing any sort of crypto stash does not automatically imply that they will support those cryptocurrencies since their primary intention is profiting off of those crypto.

Only gullible and naive morons would actually believe that these pro crypto politicians give a damn about improving the reputation of any particular cryptocurrency.

Trump and his family are known to be ardent supporter of cryptocurrency. Most people expect them to foster a more favorable legal environment for crypto and help bitcoin reach target like $250k or $500k

But after nearly 2 year, what they delivered were scam project like TRUMP, MELANIA, WLFI and ABTC, causing losses to millions of investor. The value of all of them has dropped by 80% to 90%,and generating billions of dollars in profit for the Trump family.

This is how politicians support the market. It would be insane for anyone to still place their trust and expectation in politicians, especially those close to Trump.

[Wind_FURY]

Haven't you learnt anything from the orange clown already op? Someone possessing any sort of crypto stash does not automatically imply that they will support those cryptocurrencies since their primary intention is profiting off of those crypto.

Only gullible and naive morons would actually believe that these pro crypto politicians give a damn about improving the reputation of any particular cryptocurrency.

It doesn't matter if someone is "good or bad" for Bitcoin. The Federal Reserve will continue to BRRRRR-Money-Print and devalue its currency for DECADES, and THAT will make Bitcoin surge UP.

To XX,XXX,XXX?

Plus I merely posted Kevin Warsh's exposure in crypto because it's a FACT. But if you want to do some name-calling, and say I'm a gullible, naive moron, then OK.

But everyone already knows I'm the stupid one in the forum.

 

[letteredhub]

Being the Fed Chair is a lot of weight to bear and I should believe that Kevin Warsh has a clear clue of his new position responsibilities and what's expected of him to deliver for the US economy. That said, I don't want to in a haste score him to be someone that would be mostly friendly with cryptocurrency and bitcoin in particular as it's just too early to conclude he's going make decisions that would drive bitcoin up there to the moon. We have had pominents speak with great support about bitcoin but after getting positioned their actions never matched with their previous statements anymore.

We once expected that having a Bitcoin friendly president would trigger a supercycle and send bitcoin to the moon. Or a strategic Bitcoin reserve will be established and the government will buy a lot of Bitcoin...But the result is, there was no supercycle at all. Bitcoin has only risen by over 80% from its previous ath, and the strategic Bitcoin reserve is merely an executive order and they have not actually purchased a single bitcoin.

Surprisingly, after all those lessons, there are still people who believe in politicians.

Really surprising when I read where people still go on throwing their support and believing the words of politicians after many real life experiences relating with bitcoin from politicians promises. No one would have thought that by this time following how outspokenly in support of Cryptocurrency (bitcoin) Trump's campaign manifesto appeared to have being that there wouldn't be bitcoin strategic reserve in place neither a single bitcoin bought by now.

[Iranus]

Really surprising when I read where people still go on throwing their support and believing the words of politicians after many real life experiences relating with bitcoin from politicians promises. No one would have thought that by this time following how outspokenly in support of Cryptocurrency (bitcoin) Trump's campaign manifesto appeared to have being that there wouldn't be bitcoin strategic reserve in place neither a single bitcoin bought by now.

In reality, politician simply use Bitcoin and crypto as a tool to achieve political goals or for personal gain. They do not truly value it or support it as much as they claim.

We should understand that politician only support something when it benefit them and will quickly turn their backs once they achieve their objective. This is the nature of politics.

Bitcoin does not need a president to support it or a Fed chairman to invest in it. It can still grow without them.

[sunsilk]

In reality, politician simply use Bitcoin and crypto as a tool to achieve political goals or for personal gain. They do not truly value it or support it as much as they claim.

We should understand that politician only support something when it benefit them and will quickly turn their backs once they achieve their objective. This is the nature of politics.

Bitcoin does not need a president to support it or a Fed chairman to invest in it. It can still grow without them.

IMO, we can set some exemption from those who truly uses it for their political gain because there are politicians who really are up for it and shows a real support to Bitcoin.

While they're typical politicians, we can see who are those who actually walk the talk and put money where their mouth is.

But there's no doubt that anything that they use that they know of which has a great numbers in the community will definitely be considered by them to ask support if they look knowledgeable and enthusiastic about it.

And just like in Bitcoin, we've seen that with popular ones e.g Trump.

[alani123]

Trump is a bit of a brute and doesn't understand macroeconomics.

Higher rates were a hedge against inflation. There's many inflationary effects like oil prices as a direct result of the trump administration's actions right now.

If the FED lowers rates now, what is it going to help with?
The markets already performed very well with high rates.
Businesses kept having high profits in spite of inflation and the economy didn't collapse.

Does he think if rates are lowered now it's going to do any good?
I'm almost certain it was pointless to vote Powell out. Already he was very moderate.

There will be no point to see the S&P grow even more if a growing number of consumers have maxed their possible spending on basic goods and can't save at all. But I guess that's what they're rooting for now.

[Wind_FURY]

Trump is a bit of a brute and doesn't understand macroeconomics.

Higher rates were a hedge against inflation. There's many inflationary effects like oil prices as a direct result of the trump administration's actions right now.

If the FED lowers rates now, what is it going to help with?
The markets already performed very well with high rates.
Businesses kept having high profits in spite of inflation and the economy didn't collapse.

Does he think if rates are lowered now it's going to do any good?
I'm almost certain it was pointless to vote Powell out. Already he was very moderate.

There will be no point to see the S&P grow even more if a growing number of consumers have maxed their possible spending on basic goods and can't save at all. But I guess that's what they're rooting for now.

We can't stop them with what THEY want to do, BUT YOU know what YOU need to DO. - Hedge against the legacy financial system.

Buy the Bitcoin DIP, and HODL.