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Bitcoin holds near $77,000 as Kevin Warsh prepares to lead Fed
The new Fed Chair, who has disclosed investments in over 30 crypto-related projects, was sworn in on May 22 after a narrow Senate confirmation.
Bitcoin is trading in a tight range around $77,000 as markets digest a leadership change at the Federal Reserve that could reshape the relationship between the central bank and digital assets. Kevin Warsh, who was sworn in as Fed Chair on May 22, 2026, brings something his predecessor Jerome Powell never did: a personal portfolio stuffed with crypto investments.
A Fed Chair with skin in the crypto game
Warsh was confirmed by the Senate on May 13, 2026, with a vote of 54-45. Powell’s term ended on May 15, and Warsh was officially sworn in a week later.
Warsh has disclosed investments in over 30 crypto-related projects, including a spot Bitcoin ETF. He previously served on the Federal Reserve Board from 2006 to 2011, a tenure that overlapped with the financial crisis.
Warsh has described Bitcoin as a “good policeman” for economic policy. He’s also framed it as a new form of gold for younger investors.
Bitcoin is a “good policeman” for economic policy. — Kevin Warsh
What the market is pricing in
Bitcoin has been oscillating between $76,000 and $77,400. Some analysts are targeting an upside potential of $90,000 for Bitcoin following Warsh’s confirmation. That would represent roughly a 17% move from current levels.