#fed-transition News & Analysis

Bitcoin and the Fed Chair Curse: Will the Warsh Transition Break the Pattern?

Historical data shows Bitcoin has declined 77-84% following the last three Federal Reserve chair transitions, with new leaders typically adopting hawkish stances that tighten liquidity and pressure risk assets. Kevin Warsh's appointment as the next Fed chair presents uncertainty, as his hawkish track record and renewed inflation signals complicate predictions about whether the traditional "Fed Chair Curse" will repeat.