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Is Kevin Warsh 'Bitcoin friendly'? Trump's rumored Fed chair pick's comments on crypto resurface
Trump said he’ll name a new Fed chair Friday, with Kevin Warsh favored; his pro-crypto views have sparked investor interest ahead of Powell’s exit.
On Thursday, President Donald Trump announced that he will reveal Friday his pick for the US Federal Reserve chair who will replace Jerome Powell when the latter's term ends in May.
Though a name has not been confirmed, reports suggest that Kevin Warsh, the former Federal Reserve Governor, would be Trump's pick. Rumors that Warsh is the likely candidate picked up pace after CNN's Kaitlan Collins reported that Warsh had been spotted at the White House on Thursday afternoon.
The appointment of Warsh as the chair of the US Fed will come as positive news for investors in cryptocurrency, as he has generally spoken positively about it. Now, with the odds of Warsh replacing Jerome Powell in May rising, interest has spiked in Warsh's stance on bitcoin.
So, what has Kevin Warsh said about cryptocurrency? Will his appointment as Fed Chair be good news for crypto traders? Notably, Jerome Powell has been stringent with regulations on crypto, arguing that they do not have intrinsic value. Warsh, on the other hand, believes the opposite.
Kevin Warsh Views On Bitcoin
As opposed to Powell arguing that cryptocurrencies have no value, Warsh has argued that they are "sustainable store of value, like gold." He had said, purportedly taking a dig at Jerome Powell, that crypto “doesn't make me uncomfortable.”
"Charlie Munger (former Fed Chair) attacked Bitcoin," Warsh had said in a 2025 interview. "He called it evil in part because it would undermine the Fed's ability to manage the economy.
"Or it could provide market discipline, or signal that things need to be fixed. Bitcoin does not make you nervous. Bitcoin does not make me nervous."
Also read: Kevin Warsh: 5 things to know about Fed chair frontrunner ahead of Trump's pick
Here's a 2-minute clip from the interview:
Kevin Warsh has not always been positive on cryptocurrency. In 2018, he echoed the argument that bitcoin is too volatile and unstable to become a real asset. But he publicly changed his view since, becoming more in favor of the digital asset.
In 20121, in an interview with CNBC Squawk Box host Andrew Ross Sorkin, Kevin Warsh said that Bitcoin "makes sense as part of a portfolio."
"I think of Bitcoin as a lot of things, but it’s certainly with every passing day, getting new life as an alternative currency," he said then. "When you see the strength of the Euro, the strength of the Pound, the strength of the RMB, the Korean won, the strength of the Mexican peso, I guess we shouldn’t be surprised at the strength of Bitcoin as well.”
