Kevin Warsh, a leading candidate for the next Federal Reserve chair, has described Bitcoin (BTC) as a barometer for measuring the health of the economy, suggesting that digital assets could serve as new watchdogs of monetary policy.
According to financial outlet DL News on Feb. 22 (local time), Warsh said Bitcoin can provide market discipline or act as an indicator that alerts the world to areas of the economic system in need of adjustment. He has long portrayed digital assets not merely as speculative instruments but as tools that signal market imbalances in advance, redefining their role within institutional finance. His remarks highlight Bitcoin’s appeal as an alternative investment during periods of heightened monetary policy uncertainty.
Warsh likened Bitcoin to a “canary in a coal mine,” emphasizing that it should be viewed as a signal capable of foreshadowing movements in traditional financial assets such as stocks and bonds. While acknowledging that extreme price volatility limits its function as a currency, he maintained a flexible stance by leaving open the possibility of Bitcoin serving as a store of value. “Bitcoin’s boom-and-bust cycles are worth attention as signals of broader financial asset imbalances,” Warsh noted.
Warsh’s core philosophy on digital assets is rooted less in fostering cryptocurrencies themselves and more in preserving dollar dominance and securing leadership over payment infrastructure. While warning against private cryptocurrencies disguised as digital assets with little intrinsic value, he has argued that a U.S.-style digital dollar strategy could strengthen America’s global financial leadership. The digital asset market anticipates that if Warsh assumes the chairmanship, the Federal Reserve may shift from a regulation-centric stance to a more strategic phase of asset acceptance.
The cryptocurrency market reacted immediately to news of Warsh’s candidacy, with Bitcoin forming solid support around the $84,000 level and showing positive momentum. Investors are watching closely as Warsh has historically emphasized transparency in monetary policy, raising expectations that the Federal Reserve’s stance toward digital assets could become more favorable. Despite recent volatility, Bitcoin’s role as a market barometer, as highlighted by Warsh, appears to be bolstering investor sentiment.
Warsh’s emergence is expected to mark a decisive turning point for Bitcoin’s establishment as a true mainstream asset within institutional finance. The prospect of a Federal Reserve leader who holds a favorable view of digital assets at the helm of the global economy’s central institution could dramatically reshape international financial markets. The cryptocurrency industry is closely analyzing policy shifts while focusing on Bitcoin’s pivotal role in the evolving monetary order.
Disclaimer: This article is for investment reference purposes only and does not assume responsibility for any investment losses incurred based on its content. The information provided should be interpreted solely for informational purposes.  <저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
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