What's inside Kevin Warsh's crypto bag and did the IMF just make a bullcase for Bitcoin?

Kevin Warsh just filed his financial disclosure and buried in the 69 pages is a sprawling

crypto portfolio. Through a web of venture fund structures, the Federal Reserve Chairman

nominee holds equity in more than a dozen blockchain

companies. Names include Solana, optimism, polymarket, and a direct holding in the Lightning

Network. He's pledged to divest the majority of them. The IMF is projecting that global public debt

could approach 100% of GDP by 2029. That means every dollar, euro and yen earned in a year would effectively

be consumed by government debt. China and the U.S. are driving the surge with defense spending,

pushing it higher across the board. In a scenario where debt outpaces growth and bond yields

rise on solvency fears rather than central bank tightening, investors may seek alternatives

outside of traditional finance,

including Bitcoin.

And Goldman Sachs filed for a Bitcoin premium income ETF, one of the bank's first direct

pushes into crypto.

The fund would sell options tied to Bitcoin-linked ETPs, collecting premiums in exchange

for capping some upside during strong rallies.

These income ETFs could act as a volatility dampener for Bitcoin.

When options are sold in large numbers, dealers hedge by buying dips and selling rallies,

smoothing out price swings. Get more updates on coindesk.com.