Trump’s Fed Pick: Bitcoin’s $80K Savior or Just Another Gold Bug?

Warsh, a man of words as much as deeds, has oft likened Bitcoin to gold, declaring with a wink and a nod, “For the young, Bitcoin is the new gold,” and that it stands as a “sustainable store of value, much like the yellow metal.” Last year, he whimsically dubbed it a “good policeman” for federal policy, a metaphor that leaves one both amused and perplexed.


