Bitcoin faces a new macro test as Fed Chair Kevin Warsh highlights sticky inflation metrics

Former Fed governor Kevin Warsh flagged sticky inflation metrics, warning that price pressures may be more persistent than expected. Markets view this as a renewed macro test for Bitcoin because persistent inflation raises the prospect of higher-for-longer interest rates, increasing risk-off pressure and tightening liquidity. The key implication is heightened near-term volatility and downside risk for Bitcoin tied to rate expectations, even as its long-term role as an inflation hedge remains contested.