#fedchairvscrypto
fedchairvscrypto
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The crypto world just got a cold shower from the friendliest Fed chair we ever had. Guess owning $50k in Bitcoin isn't the same as being able to print $50 trillion. Kevin Warsh, the crypto-friendly former Fed chair, ruled out saving the sector in a downturn. According to crypto.news #FedChairVsCrypto #SaveCrypto
Warsh's ties to crypto, a stablecoin and a dozen protocols, made him a symbol of hope for the crypto community back then. But now it seems his friendship didn't extend to printing fiat. The Feds just aren't designed to be our safety net.
So, what do you do when the 'Fed is the new God' doesn't apply? #CryptoDownturn #FedsAreNotFriends
Warsh's ties to crypto, a stablecoin and a dozen protocols, made him a symbol of hope for the crypto community back then. But now it seems his friendship didn't extend to printing fiat. The Feds just aren't designed to be our safety net.
So, what do you do when the 'Fed is the new God' doesn't apply? #CryptoDownturn #FedsAreNotFriends
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