Bitcoin and Crypto Have Surged as Fears Swirl a $2.5 Trillion “Avalanche” Is Heading for the U.S. Dollar

Bitcoin and crypto have surged over the last few weeks as fears swirl a $2.5 trillion “avalanche” is heading for the U.S. dollar.

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The bitcoin price, now nudging its all-time high of almost $110,000 per bitcoin, has left stocks in the dust this year, with iPhone-maker Apple (AAPL) quietly confirming a crypto market game-changer.

Now, as a Federal Reserve “nightmare” is coming true, those in the bitcoin and crypto industry are predicting a looming bitcoin price boom as positive catalysts collide.

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U.S. president Donald Trump has helped the bitcoin price and wider crypto market soar to never-before-seen levels.

“I truly understood bitcoin in 2011-2012 and in all these years, the bull case for it has never been stronger,” David Marcus, the former president of PayPal who led Facebook’s efforts to create its own crypto-inspired currency, people on X, adding: “People say it's the macro, but the micro is moving faster than ever. BTC custody for US banks is now clear. Sovereign states and corps are competing to buy.”

Marcus continued: “The utility phase of [internet protocol] TCP/IP for money is taking off.”

Positive regulatory changes for bitcoin and crypto have come as U.S. president Donald Trump bitcoin and crypto, declaring himself the first “crypto president” and promising to roll back Biden-era restrictions on the technology.

Trump has also to create a bitcoin strategic reserve alongside a crypto stockpile, kicking off a race among countries to begin holding bitcoin.

“The [bitcoin price] surge reflects a convergence of macro liquidity trends and institutional adoption,” Rich Rines, former lead of Coinbase's money movement engineering and now a contributor with crypto project Core, in emailed comments.

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The bitcoin price has surged toward its all-time highs this month as U.S. president Donald Trump feeds a perfect storm of bullish developments.

“We're seeing steady institutional inflows, signaling growing trust from traditional players. At the same time, state-level reserve policies in the U.S. show bitcoin's role is expanding beyond just investment portfolios."

Meanwhile, the fleet of spot bitcoin exchange-traded funds (ETFs) that made their debut at the beginning of 2024 have continued to attract huge volumes.

“While day-to-day prices can be noisy, the longer-term shift looks more structural. What's different this time is the market infrastructure supporting it—like regulated ETFs making it easier for institutions to get exposure, and custody services that help them hold bitcoin securely," Rines said.