What does the new Fed Chair mean for Crypto?
What does the new Fed Chair mean for Crypto?  
Podcast: The DeFi Report
Published On: Wed Feb 04 2026
Description: 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 & SUBSCRIBEhttps://thedefireport.transistor.fm/https://thedefireport.io/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro2:15 The Bloodbath in Crypto Prices2:52 Analyzing the New Fed Chair7:21 Warsh's Views on Inflation10:19 Trump & Warsh's Alignment12:55 The Fed Put: A New Perspective18:05 Constraints on Warsh's Policies20:59 The Uncertainty of the Fed's Influence21:50 Crypto's Bear Market Outlook23:32 Metrics for Bitcoin's Recovery25:27 Long-Term Holders' Market Behavior27:13 The State of Bitcoin Miners29:35 NASDAQ & Tech Sector Trends32:54 The AI Bubble and Its Implications35:35 The Potential for Market Unwind39:39 ISM Data and Economic Signals40:45 Mike's Risk-On Strategy Insights42:41 Closing & Disclaimers----Not financial or tax advice. For educational purposes only.