CoinDesk Podcast Network Why the Next Fed Chair Kevin Warsh Could Be Bearish for Bitcoin | CoinDesk Daily
Jan 30, 2026
A new Fed nomination and what it could mean for monetary policy and risk assets like Bitcoin. Debates over whether industry-led buybacks can stabilize plunging crypto prices. Ethereum Foundation budget cuts and a major withdrawal to fund open-source infrastructure. Market moves, dollar liquidity concerns, and looming macro risks.
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Hawkish Fed Nomination Risks Crypto Rally
- Kevin Warsh's nomination signals a hawkish tilt due to his past emphasis on monetary discipline.
- Markets view this stance as potentially bearish for risk assets like Bitcoin despite his prior crypto praise.
Heavyweights Step In To Stabilize Bitcoin
- Binance converted its user protection fund fully into Bitcoin and pledged top-ups if it fell below $800 million.
- Justin Sun also pledged purchases to stabilize the market, illustrating heavyweights stepping in during the plunge.
Macro Forces Can Outweigh Plunge Protection
- Analysts warn that plunge protection often fails against broader macro forces like tightening dollar liquidity.
- A hawkish Fed chair nominee reduces the chance that whale buying alone can reverse the downtrend.