Kevin Walsh is not an ordinary person. He is only 50 years old this year, a top student from Stanford and Harvard, and more importantly, his resume:
· Pure Wall Street pedigree: formerly worked in the mergers and acquisitions department at Morgan Stanley, a true insider in the market.
· Close associate of ZT: served as a special assistant for economic policy to George W. Bush.
· Big shot partner: currently a partner at the Duquesne Family Office of legendary hedge fund manager Stanley Druckenmiller! Druckenmiller is known for macro trading and was a comrade of Soros, a key figure in the attack on the pound!
· Old acquaintance of the Federal Reserve: he served as a governor of the Federal Reserve from 2006-2011, personally experiencing the 2008 financial crisis. The key is that he was known for his hawkish views at the time, frequently criticizing Bernanke's quantitative easing policy!
What does this mean for the market? One word: huge shock!
Imagine a person who deeply understands the rules of market games, is in league with the big short sellers, and is skeptical of “easy money” controlling the world's most important central bank! All previous market expectations (when to cut interest rates, reduce the balance sheet) could be completely overturned and rewritten!
Is it a blessing or a curse for the crypto world? $BULLA $ENSO $SENT
In the short term, it is extremely uncertain, with volatility at its peak! The traditional financial market will first experience a storm of “expectation reconstruction,” with US stocks, US bonds, and the US dollar experiencing sharp fluctuations, and cryptocurrencies, as high-beta assets, cannot possibly remain unscathed.
In the medium to long term, it could be a strong medicine! A chairperson who may be more “hawkish,” values market rules, and suppresses blind monetary easing could reshape the credibility of the US dollar, potentially providing a long-term backdrop for the narrative of Bitcoin as “hard currency.” But remember, the process will definitely be bumpy and cruel.
Get ready, a brand-new macro era may soon begin.
