⚡️ TODAY: Kevin Warsh began his term as FED Chair. Let’s look at some interesting statistics: Since 2006, every new FED Chair has seen markets open in red on their first day. • Bernanke → -2.2% • Yellen → -0.9% • Powell → -4.1% One year later: • Bernanke → +13.3% • Yellen → +13.0% • Powell → -1.3% So, the market generally enters a “Who are you? Prove yourself first” mode on day one. Particularly for Warsh, the following will be critical for both equities and crypto in the coming period: • His interest rate policy • His approach to Bitcoin • His liquidity moves Source: Coin Bureau