# New Fed Chair Crashes Bitcoin & Silver. For Better or for Warsh?

Page: https://stenobird.com/podcast/the-art-of-investing-7404303/new-fed-chair-crashes-bitcoin-silver-for-better-or-for-warsh
Text version: https://stenobird.com/podcast/the-art-of-investing-7404303/new-fed-chair-crashes-bitcoin-silver-for-better-or-for-warsh.md
Podcast: [The Art of Investing](https://stenobird.com/podcast/the-art-of-investing-7404303)
Published: 2026-02-06T14:55:40+00:00
Episode link: https://share.transistor.fm/s/b2443281
Audio file: https://pdrl.fm/7c6e9d/media.transistor.fm/b2443281/64196b22.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-art-of-investing-7404303/episodes/new-fed-chair-crashes-bitcoin-silver-for-better-or-for-warsh
Duration seconds: 4055

## Resource

This week on The Art of Investing, Rich McDonald and Mark “Spice” Holden are joined by JP Smith for a wide-ranging and timely discussion on one of the most volatile weeks markets have seen in months.With gold and silver suffering brutal flash crashes, crypto tumbling, US tech rotating hard, and a surprise nomination for the next Fed Chair rattling liquidity expectations, the team unpack what’s really going on beneath the surface, and how investors can spot early warning signs before markets move fast.From AI capex concerns and stretched US valuations to volatility indicators, liquidity conditions and portfolio protection, this episode is a masterclass in navigating late-cycle markets.This Week’s Market Highlights📉 Gold & Silver Flash CrashPrecious metals suffer violent reversals as margin hikes, positioning pressure and liquidity fears collide.💻 Tech Rotation AcceleratesUS software and AI leaders sell off sharply as markets reassess capex spending and future returns.🔄 Money Rotates, Not FleesCapital flows out of mega-cap tech into small- and mid-cap US equities, Europe and Japan.🪙 Crypto Volatility ReturnsBitcoin slides sharply, dragging crypto-linked equities with it, highlighting broken correlations with gold.🏦 Fed Chair ShockTrump nominates Kevin Warsh as next Fed Chair, spooking markets with fears of tighter liquidity and less QE.📊 Volatility Back on the RadarThe VIX becomes a key signal once again, with the team explaining how professionals actually use it.Portfolio SnapshotWeekly performance: –1.1%Total return since inception: +15.24%Top Performers 🥇 iShares MSCI India ETF: +5.0% 🥈 iShares Core FTSE 100 ETF: +2.5% 🥉 WisdomTree Copper ETF: +1.0%Underperformers 📉 VanEck Crypto & Blockchain Innovators ETF: –21.3% 📉 BlackRock World Mining Trust: –9.4% 📉 Inves…

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