TechFlow News: On January 31, Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, posted on X stating that even if former Federal Reserve Governor Kevin Warsh were appointed Fed Chair, it would be highly unlikely for monetary easing to truly end. This is because, during his tenure as a Fed Governor, Warsh had voted in favor of the first and second rounds of quantitative easing—only publicly opposing certain policies after leaving the Fed, when those decisions no longer carried practical influence. Hayes argues that the Fed continues “printing money” because genuine fiscal tightening would trigger a collapse of the entire financial system; thus, regardless of who leads the Fed, the ultimate choice remains continued liquidity provision. He bluntly states, “Warsh will also print money,” and advises markets to “Buy The F***ing Dip (BTFD)” during pullbacks.
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