What was said around it
if Bitcoin appreciates by just 2% a year on average, the company could cover all of its preferred dividends indefinitely without needing to issue more common shares. And he did wind up buying even more Bitcoin after the price fell. So, where do we go from here? Well, even though it doesn't sound as dramatic, the real reason Bitcoin has been falling is because a lot of the excitement and money has been chasing recently IPOs, AI, and tech. Bitcoin's also been underperforming over the last 5 years and people have grown tired of it. And until everyone gets excited about Bitcoin again, we're probably going to see pretty choppy performance for the near future. For example, Galaxy Research just reported that they believe may not have bottomed yet. With a base case that it could fall between 40 and 46,000 by late this year. But, on the other hand, Standard Chartered believes that the Bitcoin bottom is already in at 59,000. And Galaxy itself still believes that Bitcoin hits 250,000 by the end of 2027. Although in terms of the main event, the new Fed chair, Kevin Warsh, and why everyone is panicking about what comes next, here is what you need to know. As of a few hours ago, Kevin Warsh officially
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