What does the new Fed Chair mean for Crypto?

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.

----
📣THE DEFI REPORT | FOLLOW & SUBSCRIBE

https://thedefireport.transistor.fm/

https://thedefireport.io/

https://x.com/the_defi_report

https://x.com/JustDeauIt

----

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

----

Not financial or tax advice. For educational purposes only.