Former Bitcoin strategy director Pierre Rochard calls on the U.S. Federal Reserve (Fed) to include Bitcoin in bank stress test scenarios at the right time, as the Fed is currently soliciting public input for the 2026 scenario framework and proposing increased transparency in model development. The question is not whether the Fed “supports” Bitcoin, but whether this agency can consider Bitcoin as a risk variable without turning it into policy.
According to analysis, the issue lies in the technical aspects and the degree of Bitcoin’s integration with the banking system. The Fed will not include Bitcoin in stress tests solely based on a call, but if the exposure of banks to Bitcoin through custody, derivatives, ETF intermediaries, or brokerage services is significant enough to impact capital and liquidity, the Fed may be compelled to model Bitcoin price shocks similarly to stocks or credit spreads.
This does not imply recognition or endorsement of Bitcoin but reflects the reality that this asset has become too intertwined with the balance sheets of regulated financial institutions to ignore. In the current framework, Bitcoin may first appear as a shock in the “global market shock” scenario designed for banks with large trading and custody activities, rather than becoming a core macroeconomic variable.
If included in stress tests, Bitcoin will be standardized as a risk factor requiring management, leading to stricter limits, governance, modeling, and compliance requirements for related business areas. In other words, Bitcoin will only enter the Fed’s stress testing when regulators have no choice but to account for it.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Whale Opens $54.2M Long With 40x Leverage
A Bitcoin whale opened a $54.2 million long position with 40x leverage, risking significant loss amid uncertain market conditions. Entered at $68,200, the trade has seen an unrealized loss and a tight liquidation level, prompting mixed reactions from the crypto community.
Coinfomania14m ago
Top Analyst Reveals How to Make “Life-Changing Money” With Bitcoin (BTC) in 2026
Bitcoin price talk has a habit of getting loud during bull runs. This time, the loudest point in a new clip comes from a bearish warning. The speaker argues that 2026 could line up with the down year of the Bitcoin cycle. That framing sets up his main message. Big money moments, in his view, of
CaptainAltcoin16m ago
Medical cannabis company "Zhongben Technology" acquires BTC Inc and UTXO Management
Nakamoto Technology announces it will acquire Bitcoin company and UTXO Management GP, LLC for approximately $107 million, with completion expected in 2026. This move aims to integrate media influence and Bitcoin asset management, marking the company's transition from medical marijuana to Bitcoin reserve business, and strengthening operational structure to expand Bitcoin reserves.
ChainNewsAbmedia43m ago
Carrefour Launches 20% Discount for Bitcoin Payments
A Carrefour franchise in Arcachon, France, offers a 20% discount for Bitcoin payments, utilizing the Lightning Network for efficient transactions. This initiative aims to hedge against euro debasement, reflecting a potential shift towards mainstream crypto adoption in retail.
Coinfomania49m ago
