Bitcoin and crypto prices have rocketed over the last week, with the bitcoin price hitting a fresh all-time high as traders predict a $6 trillion earthquake is on the horizon.
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The bitcoin price has soared around 50% since its April lows, rebounding along with stock markets, and sparking wild predictions the Federal Reserve is gearing up to blow up the crypto market.
Now, as a Wall Street giant suddenly flips from gold to bitcoin, the bitcoin price is braced for a huge week that will see U.S. president Donald Trump’s vice president JD Vance speak alongside Trump’s crypto czar David Sacks at the Bitcoin 2025 conference.
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U.S. president Donald Trump, speaking last year at the Bitcoin 2024 conference in Nashville, where … More
“This is more than a headline moment—it’s a signal,” David Bailey, the chief executive of Bitcoin Magazine publisher and organizer of the conference BTC Inc who has become an unofficial advisor to the Trump administration on bitcoin, said in a statement.
“Bitcoin is the most exciting financial innovation in the world,” Bailey added. “It’s at the forefront of the national conversation.”
During last year’s Bitcoin 2024 conference in Nashville, then presidential candidate Donald Trump announced that he’d create a bitcoin strategic reserve if he won the White House in November—a promise he followed through on in March via an executive order.
This year, U.S. vice president JD Vance is headlining the conference, due to speak at 9am on Wednesday, while Trump’s crypto czar David Sacks and executive director of the president’s council of advisers on digital assets Bo Hines will address the conference on Tuesday.
Earlier this week, Trump’s son Eric, who has fully embraced bitcoin and crypto via his World Liberty Financial decentralized finance (DeFi) platform that was founded in response to the Trump family being debanked by Wall Street, posted to X that “this is just the beginning of this incredible ride.”
Eric Trump added that he hoped “you listened” to his February advice to “enter bitcoin.”
The bitcoin price rally in recent weeks, coming as Trump hosted the top holders of his controversial memecoin for a gala dinner, has spurred a flood of bullish bitcoin price predictions that include bitcoin replacing the U.S. dollar within ten years.
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The bitcoin price has soared to a fresh all-time high, spurring a flood of bullish bitcoin price … More
“Institutions are turning to bitcoin because of uncertainty,” Ryan Chow, the chief executive of bitcoin DeFi protocol Solv, said in emailed comments.
“In a fragmented macro landscape, bitcoin is emerging as a macro asset, global hedge, and digital reserve asset. A new all-time high sends a clear message—it’s validation that bitcoin isn’t going away.”
This week, JPMorgan’s bitcoin-skeptic chief executive Jamie Dimon announced it will begin offering bitcoin to clients as Wall Street gradually warms up to crypto while companies around the world are looking to follow software company-turned-bitcoin acquisition vehicle MicroStrategy in buying and holding bitcoin as a long-term investment.
“Bitcoin reaching an all-time high is a powerful reflection of how far the digital asset ecosystem has come,” Vincent Chok, the chief executive of corporate treasury services company First Digital, said via email.
“We’re witnessing a clear shift in institutional perception, with public companies increasingly adopting bitcoin as a treasury asset.”
