Executive Chairman of Strategy Michael Saylor predicts that Kevin Warsh, who was recently appointed by President Trump to lead the Federal Reserve, will soon become the first pro-Bitcoin central bank chair.
Kevin Warsh will soon become the first pro-Bitcoin chair of the Federal Reserve. pic.twitter.com/afEBrBFeWX
— Michael Saylor (@saylor) January 30, 2026
President Trump praised Warsh as perhaps the “best” choice to lead the Fed. But is the Bitcoin hype justified?
Based on what we know so far, the former Fed chief is neither anti-Bitcoin nor a maximalist. In a 2021 interview with CNBC’s Squawk Box, Warsh compared Bitcoin to gold as a potential store of value or reserve asset.
Warsh was involved in cryptocurrencies from the beginning, backing companies like now-defunct algorithmic stablecoin project Basis and Bitwise, now one of the leading crypto asset management companies.
He recently said that Bitcoin is a market signal that could help discipline policymakers.
In response to criticism that Bitcoin would undermine the Fed’s ability to manage the economy, Warsh said in a May 2025 interview with the Hoover Institution, “It could give you market discipline, and it could tell the world that things need to be fixed.” “Bitcoin doesn’t make me nervous.”
In our conversation, Warsh also recalled being introduced to the Bitcoin whitepaper by Marc Andreessen, co-founder of Andreessen Horowitz (a16z), in 2011.
“I wish I had as much clarity as he did about how transformative Bitcoin and this new technology is,” Warsh said.
“I see the dollar as an important asset that helps policymakers tell when things are right or wrong. It’s not a substitute for the dollar. I think the dollar can often be a very good police officer for policy,” he said.
Warsh sees blockchain as neutral software with transformative potential. He also emphasized that building these technologies in the United States could increase productivity and provide long-term economic benefits.
Despite being an early investor in crypto companies, Warsh’s past statements suggest a more cautious view of private cryptocurrencies.
He previously warned that these assets were “masquerading as money” and argued that the U.S. central bank’s digital currency would be a more effective tool for maintaining monetary sovereignty amid competition from China’s digital yuan.
What does Trump’s appointment as Fed chairman mean for cryptocurrencies?
Warsh’s Fed is likely to blend tighter liquidity with clearer institutional rules, but his long reputation as a financial hawk may not completely define his approach going forward.
Warsh has been critical of balance sheet expansion and is typically seen as a supporter of quantitative tightening, which is a headwind for speculative crypto assets, but he has recently aligned himself with the White House’s push to lower borrowing costs.
His Wall Street background suggests support for institutional-grade crypto regulation, which could ease the entry of pension funds, insurance companies and other large investors.
At the same time, Warsh is skeptical of private stablecoins. probably favorable A rigorous and fully supported framework to maintain dollar sovereignty.
Although he supports blockchain innovation extensively, expressed a sense of caution against Regulated bank-centric infrastructure and large-scale CBDCs are preferred over permissionless environments.
