Kevin Warsh, nominated by Trump to be the next Federal Reserve Chairman, stated in a 2025 interview that Bitcoin is a highly disruptive new technology, an important asset, and even a "health check" for policymakers. "Whether we're right or wrong, we can tell by its price; therefore, it's more like an inspector of monetary policy." Warsh's statement is actually very informative. He wasn't talking about price, but about the feedback mechanism. The existence of Bitcoin provides monetary policy with, for the first time, an uncontrolled and unmanipulated market signal. If you're right, it's stable; if you're wrong, it explodes. From this perspective, BTC's role has indeed transcended that of a "speculative commodity."