Michael Saylor, executive chairman of Strategy, predicts that Kevin Warsh, recently appointed by Trump to lead the Federal Reserve, will soon become the first pro-Bitcoin chairman of the central bank.
Soon, Kevin Warsh will be the first Bitcoin Chairman of the Federal Reserve.pic.twitter.com/afEBrBFeWX
– Michael Saylor (@saylor) January 30, 2026
Trump praised Warsh as possibly the “best” choice to lead the Fed. But is the Bitcoin hype justified?
Based on what we know so far, the former Fed governor 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 early crypto, supporting firms such as Basis, the defunct algorithmic stablecoin project, and Bitwise, now one of the key players in crypto asset management.
Recently, he described Bitcoin as a market signal that can help discipline policy makers.
“It can provide discipline to the market, or it can tell the world that things need to be fixed,” Warsh said in a May 2025 interview with the Hoover Institution, responding to criticism that Bitcoin undermines the Fed’s ability to manage the economy. “Bitcoin doesn’t scare me.”
Warsh also recalled during the interview that he was introduced to the Bitcoin white paper by Marc Andreessen, founder of Andreessen Horowitz (a16z), in 2011.
“I wish I had understood as clearly as he did how Bitcoin is evolving and this new technology,” Warsh said.
“I see it as a valuable asset that can help inform policy makers when they are doing things right and wrong. It is not a substitute for the dollar. I think it can often be a very good police officer of policy,” he explained.
In blockchain, Warsh sees it as neutral software with transformative potential. He also highlighted that developing this technology in the US could increase productivity and bring long-term economic benefits.
Despite his early investments in crypto firms, Warsh’s past comments suggest a more cautious view of cryptocurrencies.
He previously warned that these assets are “monetizing themselves,” arguing that the U.S. central bank’s digital currency would be the most effective tool to preserve the currency’s sovereignty amid competition from China’s digital yuan.
That’s what Trump’s choice for Fed chairman could mean for crypto
A Warsh-led Fed is likely to combine tighter monetary policy with clear institutional rules, although his long-standing reputation as a money hawk may not fully define his path in the future.
Although Warsh is highly critical of balance sheet expansion and is expected to favor rate stabilization, which often creates a headwind for crypto-speculative assets, he has recently aligned himself with the White House’s goal of low borrowing costs.
His Wall Street background suggests support for institutional-grade crypto regulation, which could ease the entry of pension funds, insurers, and other large investors.
At the same time, Warsh has been skeptical of private stablecoins as well you can probably choose strong, fully supported frameworks to preserve the dollar’s sovereignty.
He supports blockchain innovation in general though expressed caution permissionless environments, instead favoring a regulated, bank-centric infrastructure and wholesale CBDC.
