The U.S. government is intensifying efforts to control Venezuela's oil supply in order to stabilize the energy market. This move may seem like a geopolitical game, but behind it lies a key economic logic—by increasing oil supply to lower oil prices, they aim to soothe voters.

The problem is, simply lowering oil prices isn't enough. The Trump administration faces a bigger challenge: the midterm elections in 2026 and the 2028 presidential election are looming, and they must boost the economy and raise nominal GDP during this period. To achieve this goal, the government will need to coordinate with the Federal Reserve, launching large-scale deficit spending and credit expansion—essentially, printing more money.

What happens when the government does two things simultaneously? On one hand, controlling oil prices to calm the public; on the other, flooding the market with liquidity to stimulate the economy. The result is an increase in economic heat and inflationary pressures being temporarily masked, while the excess dollars flood the market seeking appreciation channels.

Against this backdrop, the appeal of cryptocurrencies like Bitcoin will significantly increase. As a "hard asset" that hedges against fiat devaluation risks, when the dollar faces excessive issuance, investors will naturally turn to digital currencies to hedge risks. Historical experience shows that periods of liquidity glut often become crypto market celebrations.

Interestingly, some traders are already positioning themselves in the privacy sector in advance. For example, a well-known crypto fund's family office bought大量ZEC（Zcash）in the third quarter of last year, seemingly preparing for this wave of liquidity. Privacy coins tend to become market favorites in environments with increased policy uncertainty and capital seeking risk hedges.

Of course, all this depends on policies actually being implemented as expected. If economic stimulus plans are carried out, Bitcoin and mainstream cryptocurrencies could indeed see a new rally.