Kevin Warsh at Jackson Hole could trigger a bitcoin and gold rally

Former Fed Governor Kevin Warsh is stepping into the spotlight at Jackson Hole, and his words carry enough weight to shift the entire macro trade. Traders are laser-focused on his stance regarding Treasury buybacks. If Warsh signals that the Fed needs to step in to backstop the bond market, it signals a return to liquidity injections that traditionalists fear and crypto bulls crave. A pivot here would likely suppress long-term yields, making non-yielding assets like gold and bitcoin far more attractive. It isn't just academic talk; it's a signal for where the dollar goes next. Markets haven't forgotten that Warsh was once a top contender for the Fed chair spot, giving his policy critiques extra teeth. If he leans into the idea of fiscal support, expect the 'debasement trade' to catch a second wind. Will the Fed actually follow his lead on buybacks, or is this just more central bank noise?