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On May 27, Mark Thornton, a senior fellow at the Ludwig von Mises Institute, pointed out in an interview with Kitco News that the current situation of record corporate profits alongside a significant decline in consumer confidence is not an anomaly, but rather the result of the cumulative effects of a long-term loose monetary environment. He believes that decades of low interest rates and monetary expansion policies have altered the structure of wealth distribution, widening the gap between asset holders and those who rely on wage income. When discussing the Federal Reserve nominee issue, Thornton expressed criticism regarding Kevin Warsh's nomination as chair. He noted that the rapid decline in gold and silver prices following the announcement of the nomination was not merely a market reaction. "Kevin Warsh will certainly go down in history for causing the most malicious suppression of the precious metals market," he said, suggesting that some large financial institutions may have been privy to the information beforehand. He stated, "These gold and silver banks and large banks in New York likely had been consulted before the market was aware and had advance knowledge of President Trump's decision." Regarding the subsequent price fluctuations, he bluntly remarked, "The timing of all these market activities and the ensuing price suppression... I do not believe this is a coincidence." Despite expectations in the market for a return to 'hawkish' policies, with some even comparing it to the significant interest rate hikes during the Volcker era, Thornton believes this scenario is unlikely to materialize.

BlockBeats News, May 27—Ludwig von Mises Institute Senior Fellow Mark Thornton stated that the current US market is in a historically overvalued range. Long-term low interest rates and monetary expansion have pushed up asset prices and further exacerbated wealth distribution imbalances. Thornton pointed out that both the Buffett Indicator and the Case–Shiller Valuation Indicator are at extremely high levels, with the latter exceeding the current level only once in the past 150 years. He believes that this growth, driven by credit expansion, benefits large financial institutions and asset holders, while ordinary consumers bear higher inflationary pressure. When discussing the nomination of the Federal Reserve Chair, Thornton criticized the rapid drop in gold and silver prices following Kevin Warsh's nomination, calling it the "largest malicious suppression" of the precious metals market, and suggested that some large banks may have learned about the news in advance. However, he also believes that the current US debt has already surpassed 120% of GDP. If a large interest rate hike similar to the Volcker era were repeated, it would significantly raise financing costs and "kill the economy," making the hawkish rate hike cycle expected by the market difficult to achieve in reality. In addition, Thornton warned that escalating tensions in the Middle East and disruptions in the Strait of Hormuz are continuously pushing up energy and commodity prices, further strengthening market demand for physical assets such as gold and silver.

Uniswap founder Hayden Adams responded on X to the Bankless founder selling all their ETH, stating that the narrative “ETH is Money” is correct, but is different from what most people understand. He said that in the future, all assets will be tokenized, and the most decentralized monetary system will manifest as “money in infinite forms competing with each other.” He believes there is no need for a single unit of account, and mentioned that Ethereum-based Uniswap is “the best decentralized monetary system,” which is still in its early stages.