#WarshFedPowerShift The End of an Era — Powell’s 8 Years That Shook Markets Jerome Powell just handed the Fed to Kevin Warsh after one of the most chaotic chairmanships in history. From COVID crash to crypto trillions, here’s his legacy. The Defining Moments 1. COVID Crash & Money Printer (2020) Unlimited QE, zero rates, trillions printed. Markets crashed -34%, then ripped to ATHs. He saved the economy — and birthed the greatest crypto bull run ever. 2. The Inflation Catastrophe (2021–2022) Called inflation “transitory.” Wrong. CPI hit 9.1% — 40-year high. Crypto crashed 80%. One of the worst Fed calls ever. 3. Most Aggressive Hikes Since Volcker (2022–2023) 11 hikes in 18 months. 0% to 5.5%. Banks failed (SVB, Signature, First Republic). Inflation finally broke. 4. The Pivot That Saved Crypto (2024) Started cutting. BTC ripped from $40K to $100K+. ETFs approved. Risk assets exploded back. 5. The Trump Wars (2025–2026) Trump attacked Powell relentlessly. DOJ launched criminal probe over Fed building renovations. Judge quashed it as political harassment. Unprecedented attack on Fed independence. The Crypto Legacy Under Powell: • BTC: $6K → $80K+ • Spot BTC and ETH ETFs approved • Crypto became a $3T asset class • Strategic Bitcoin Reserve made possible He never embraced crypto — but his policies created the conditions for it to explode. The Twist Powell isn’t fully leaving. He stays as a Governor until 2028 — refusing to exit until Trump’s probe closes. First time since 1948. What Warsh Inherits Hot PPI (6%). Stagflation fears. Iran tensions. Crypto regulation reshaping markets. SpaceX IPO incoming. Hardest setup in decades. Bottom Line Powell’s era defined modern markets — for better and worse. He printed the bubble, popped the bubble, then pivoted again. Now Warsh takes the wheel. Different style. Same impossible job. Powell era over. Warsh era begins. Buckle up. Not financial advice — DYOR. #Powell #FederalReserve #Crypto #BTC #OKXOrbitTopics @OKX Orbit