In this episode of The DeFi Report, Mike and Ryan break down what Trump’s pick for Fed Chair, Kevin Warsh, could mean for crypto, and why a real regime shift might be back on the table. They unpack Warsh’s record as a Fed governor, his critique of QE and the swollen balance sheet, and the big question markets are not pricing: is the Fed Put still alive? Mike explains why he still views crypto as in a bear market, the onchain and cycle metrics he needs to see before going risk-on, and how a Nasdaq rollover tied to an AI unwind could drive the next leg lower. They close with fair value targets, downside scenarios, and what would finally flip Mike into buy mode.
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TIMESTAMPS
0:00 Intro
2:15 The Bloodbath in Crypto Prices
2:52 Analyzing the New Fed Chair
7:21 Warsh's Views on Inflation
10:19 Trump & Warsh's Alignment
12:55 The Fed Put: A New Perspective
18:05 Constraints on Warsh's Policies
20:59 The Uncertainty of the Fed's Influence
21:50 Crypto's Bear Market Outlook
23:32 Metrics for Bitcoin's Recovery
25:27 Long-Term Holders' Market Behavior
27:13 The State of Bitcoin Miners
29:35 NASDAQ & Tech Sector Trends
32:54 The AI Bubble and Its Implications
35:35 The Potential for Market Unwind
39:39 ISM Data and Economic Signals
40:45 Mike's Risk-On Strategy Insights
42:41 Closing & Disclaimers
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Not financial or tax advice. For educational purposes only.
