Un Podcast Sobre Bitcoin Bitcoin no sobrevive al plan de Kevin Warsh
Feb 5, 2026
Discussion of the Fed balance sheet growth and its historical correlation with Bitcoin. Exploration of the recent period where Bitcoin rose despite Fed balance reduction. Examination of Kevin Warsh's critique of QE and his proposed 'third way' for central banking. Analysis of debt strategy, yield-curve control, and scenarios for Bitcoin if Warsh influences policy.
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Fed Balance Sheets Move Bitcoin
- Alberto Mera links Bitcoin price cycles to expansions and contractions of the Fed's balance sheet since 2009.
- Bitcoin tended to rise when the Fed injected money and fall when the Fed reduced its balance sheet, with recent exceptions noted.
Volcker's Radical Rate Hike Example
- Alberto recounts Paul Volcker's 1979–1982 shock rate hikes as a historical precedent for extreme central-bank action.
- He cites Volcker saying they accepted recession risk to stop brutal inflation, framing Kevin Warsh's rhetoric.
QE Went From Emergency To Routine
- Kevin Warsh (as reported) argues QE was an experimental, radical move that became standard policy despite risks.
- Alberto highlights that the first QE expanded the Fed's balance massively and normalized money creation practices.