Fed Chair Nominee Kevin Warsh Has Called Bitcoin The 'New Gold', Yet BTC Is Down 3%

Presumptive Fed Chair nominee Kevin Warsh has successful the past voiced tentative enactment for Bitcoin (CRYPTO: BTC), viewing it arsenic a instrumentality to pass policymakers alternatively than a menace to monetary stability.

In a May 2025 interrogation with the Hoover Institution, the erstwhile Fed politician said the U.S. system is poised for a productivity roar and that the Fed lone needs humble adjustments, not a revolution, to support its halfway strengths.

He added that Bitcoin does not marque him tense and serves arsenic an important marketplace signal, helping item erstwhile monetary argumentation is off-track.

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Warsh recounted seeing the archetypal Bitcoin achromatic insubstantial successful 2011 and recognized its imaginable arsenic innovative software.

While helium acknowledged that galore crypto projects whitethorn neglect oregon beryllium overhyped, helium stressed that blockchain exertion represents genuine innovation, susceptible of creating caller fiscal tools.

Bitcoin is not a trouble, but portion of a broader technological evolution, helium said, framing it arsenic a policy-informing plus alternatively than a menace to the Fed oregon U.S. monetary stability.

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In a January 2021 interrogation connected Squawk Box, erstwhile BTC traded adjacent $30,000, Warsh, past moving arsenic a spouse of Stanley Druckenmiller, suggested Bitcoin makes consciousness successful a portfolio wherever the dollar is weakening.

He besides noted that Bitcoin's gains person mirrored portion of gold's rally and, if Bitcoin did not exist, golden prices mightiness person risen adjacent more. Warsh concluded, "If you're nether 40, Bitcoin is your caller gold."

He added that arsenic BTC matures, it is progressively viewed arsenic an alternate currency, and its spot should travel arsenic nary astonishment fixed however different currencies are performing globally.

Image: Shutterstock

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