This week the cryptocurrency market has been really lively. The short squeeze on Wednesday was so large that it directly broke the record set since last year. Investor sentiment shifted rapidly from panic to greed.

Data analyst Nicolai Sondergaard pointed out that the increasing uncertainty about the Federal Reserve's independence and rising geopolitical risks actually constitute a structural positive for Bitcoin. Although precious metals are still benefiting from current gains, Bitcoin is quietly becoming part of the discussion on alternative reserve assets. The key is that certain political events could bring additional "risk premiums" to BTC.

Looking at the market trend, Bitcoin has risen 10.6% since the beginning of the year, while the US dollar index has only increased by 0.75% in the same period. What does this gap indicate? It shows that Bitcoin's attractiveness in the current macro environment is indeed increasing. Whether for hedging or store of value, new supporting points are emerging.