🪙 Bitcoin climbed back toward the $60K area following the international debut of new Fed Chair Kevin Warsh at the ECB’s annual Sintra conference 🇵🇹.

⚡ During the event, Warsh avoided giving any direct guidance on future rate cuts or policy timing, continuing the Fed’s cautious communication strategy.
🧠 However, markets reacted positively to several softer signals in his speech:
• Warsh acknowledged that inflation expectations have recently eased
• emphasized the Fed does not intend to surprise markets suddenly
• and suggested policymakers want financial conditions to adjust gradually rather than through shocks.
📉 One of the most closely watched comments came around artificial intelligence. Warsh stated the Fed is becoming increasingly open to the possibility that AI-driven productivity gains could help reduce inflationary pressure over time.
📊 The logic is straight forward: if AI significantly improves productivity and efficiency across the economy, production costs could decline, helping inflation cool naturally without requiring rates to stay extremely restrictive.
⚠️ That narrative matters because lower structural inflation would eventually create more room for:
• rate cuts
• easier liquidity conditions
• and stronger risk appetite across markets.
📈 Crypto and growth assets responded positively as traders interpreted the speech as:
• less hawkish than feared
• relatively market-friendly
• and supportive for longer-term liquidity expectations.
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