Bitcoin News
By Sakamoto Nashi
1 / 15
What Warsh Actually Said. Warsh isn't usually the guy who calms markets down. He's known for a hawkish lean on inflation.
2 / 15
Bond Market Didn't Buy It Fully. Not everyone celebrated. The bond market was skeptical, and that's worth paying attention to.
3 / 15
AI, Inflation, and the Bigger Picture. Warsh's careful framing on AI sparked its own conversation.
4 / 15
Bitcoin punched through $60,000 Wednesday. Federal Reserve Chair Kevin Warsh told attendees at the ECB Forum on Central Banking in Sintra, Portugal, that inflationary pressures…
5 / 15
Bitcoin hit roughly $60,088, a 2.8% jump in 24 hours. Ethereum wasn't far behind, climbing about 3.3% to near $1,619.
6 / 15
Gold moved too. The metal reached an intra-day high of $4,115, with silver and other precious metals logging gains as well. Precious metals added over $1.
7 / 15
Warsh isn't usually the guy who calms markets down. He's known for a hawkish lean on inflation. So when he told the Sintra crowd that inflation risks are easing, traders listened.
8 / 15
Consumer prices are still up 4.2% over the year to May, driven partly by oil price pressure tied to Iran tensions. So it's not like inflation is gone.
9 / 15
He also said something that probably surprised a few people in the room — he took a pretty open-minded view of artificial intelligence.
10 / 15
Cleveland Fed President Beth Hammack has gone further, pointing to intense demand from AI companies willing to pay steep prices for inputs as a possible inflation driver.
11 / 15
Read also: Bitcoin Nears $60,000 as Fed Chair Warsh Flags AIs Growing Economic Weight
12 / 15
Treasury yields climbed after Warsh spoke. The 10-year note pushed near 4.46%. Bond investors were still pricing in higher rates for longer — Warsh gave no hint of an imminent…
13 / 15
That gap between risk assets and bonds is telling. Crypto and precious metals are running on the idea that the worst of the inflation fight is behind us.
14 / 15
It's murky right now. Warsh's comments eased fears but didn't eliminate them. The Fed's next meeting will matter a lot.
15 / 15
Warsh's careful framing on AI sparked its own conversation. He seems to think the productivity gains from AI could be significant — but he wouldn't commit to calling the tech…
The Currency Analytics
Want the full story?