Comment On Kevin Warsh’s Nomination As Fed Chair From James Butterfill, Head Of Research At CoinShares – Europe’s Largest Digital Asset Manager

It is surprising that Kevin Warsh has been chosen as the next Fed Chair given his more hawkish stance on inflation, particularly in light of President Trump’s comments just yesterday that “we’re paying far too much interest in the Fed” and that rates “should be two points, and even three points, lower.” This reinforces the view that there are few near-term catalysts to support Bitcoin prices.