Kevin Wash, who was nominated by Trump to serve as the next Federal Reserve Chair, stated in a 2025 interview that Bitcoin is a highly disruptive new technology, an important asset, and a "health report" for decision-makers. "Whether we are doing right or wrong can be seen from its price, so it’s more like an inspector of monetary policy." Wash's statement is actually very informative. He is not talking about price, but about feedback mechanisms. The existence of Bitcoin has given monetary policy, for the first time, an uncontrollable and unmanipulable market signal. If you do the right thing, it remains stable; if you do the wrong thing, it explodes. From this perspective, the role of BTC has indeed gone beyond being a "speculative asset."