Bitcoin in the Political Chess Game

Content:

On March 5, 2026, Bitcoin hit a new high since February 5, reaching as high as $74,050.

Behind this bullish candle are two men: Kevin Waugh and Donald Trump.

First, Waugh. This candidate nominated by the White House for Federal Reserve Chair is labeled a "dovish regulator" on Wall Street. The market generally expects that if he takes the helm at the Fed, the rate hike cycle will end early, and expectations for rate cuts will quickly rise. And liquidity easing has always been the best soil for Bitcoin.

Next, Trump. The Senate just rejected a proposal to halt his strikes on Iran, meaning the clouds of geopolitical conflict will continue to loom over the Middle East. War pushes oil prices higher, oil prices push inflation up, inflation forces the Fed—this transmission chain ends in the dilution of dollar credit and a frenzy in non-sovereign assets.

Two men, two clues, ultimately converge on the same candlestick chart: Bitcoin reaching a nearly one-month high.

Some say this is a coincidence. But those familiar with the crypto market know that in this field, there is never purely a "technical" side. Behind every bullish candle, there are macro forces; behind every rally, there are policy shadows.

What does Waugh’s nomination mean?

It suggests that the era of Powell’s hawkish stance may be coming to an end, that the Fed’s monetary policy might shift from "anti-inflation" to "support growth," and that the faucet of dollar liquidity might be turned on again. When the purchasing power of fiat currency declines, the narrative of Bitcoin as "digital gold" will be reactivated.

And Trump’s war authorization, on another level, reinforces this narrative. Geopolitical conflicts strengthen traditional safe-haven assets and make more people start to think: in a world with increasing tension, what is truly a safe asset? $BTC

Gold is the answer, oil is the answer, Bitcoin is the answer.

$74,050 is not just a number; it’s a move in the political chess game. #加密市場上漲