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Bitcoin just took a massive hit, sliding toward the $81,000 mark as markets digest the news: Kevin Warsh has been officially nominated by President Trump to succeed Jerome Powell as the next Federal Reserve Chair. While Warsh has a history of being "crypto-friendly"—even calling Bitcoin a "policeman" for bad monetary policy—the market is reacting to his reputation as a monetary hawk. In this episode, we break down why the "Warsh Shock" triggered $1.8 billion in liquidations and what his leadership means for the future of liquidity, interest rates, and your portfolio. |