[Opinion: Kevin Warsh as Fed Chair Could Be More Hawkish, Bearish for Crypto Market] BlockBeats News, January 30, Markus Thielen, founder of 10x Research, shared his opinion on Donald Trump's nomination of Kevin Warsh as the next Federal Reserve Chair, stating, 'The market generally believes that Warsh's election would be bearish for Bitcoin because he emphasizes monetary discipline, higher real interest rates, and lower liquidity. This would cause cryptocurrencies to no longer be seen as a hedge against currency devaluation but rather as speculative excess. When loose monetary policies are withdrawn, such excesses will disappear. From this perspective, his approach is likely to lead to higher unemployment rates in the 2010s, slower economic recovery, and greater deflationary risks.'