‘Just The Beginning'—Bitcoin Suddenly Braced For A Huge Week After Crypto Price Boom
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.
Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!"
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.
Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run
"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 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 a gala dinner, has spurred a flood of bullish bitcoin price predictions that include bitcoin replacing the U.S. dollar within ten years.
Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious
'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.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
10 Reasons Every American Adult Should Invest in the Stock Market
Investing can be scary, and there are many horror stories out there. But investing can also be simple and boring. If done right, history shows that losing money in the stock market is unlikely on a long-term basis. These 10 stocks could mint the next wave of millionaires › Investing can be daunting for many reasons. Stocks, index funds, and exchange-traded funds (ETFs) go down all the time, and the market has been extremely volatile, especially since the beginning of the pandemic in 2020. Furthermore, most people are investing money they will need in the future, and nobody can predict the future. That said, 62% of Americans reported owning a stock in 2025, according to a Gallup poll. Here are 10 reasons every American adult should invest in the stock market. The main reason most retail investors buy stocks, index funds, or ETFs is because they want to start saving for retirement. I don't need to tell anyone that life is expensive when you consider the cost of paying a mortgage or rent, food, transportation, and clothing, among many other expenses. These expenses can eat up a large portion of your paycheck, which is why people need to think about ways to grow their wealth over time. Investing allows people to do this while they work and sleep. Most investors have likely read stories about people investing in meme stocks like GameStop back in 2020 or some small cryptocurrency that no one has ever heard of. Rarely, someone does strike it big, but often, people end up losing their money on these high-risk trades. That roller coaster ride certainly isn't for everyone, and rightfully so, because many people need every last dollar they can save and can't afford to make overly risky bets. Luckily, investing can be quite boring if you invest in an index fund or ETF that buys a basket of diverse stocks set up to generate steady returns for patient investors that stay invested for years if not decades. Many investors with a long-term horizon invest in the broader benchmark S&P 500 index. According to data from Berkshire Hathaway, the S&P 500 has generated compound annual gains of 10.4%, including dividends, between 1965 and 2024, for an overall gain of 39,054%. That means $1 invested in 1965 would be worth $390.54 now. While the S&P 500 can be volatile on a short-term basis, the longer one stays invested, the more likely they are to make money. This is generally because long-term investors aren't trying to time the market, so they ride out generally short-term downturns and profit from recoveries. Now, investors may be concerned that the S&P 500 is too heavily concentrated by a group of stocks called the "Magnificent Seven,"+ meaning diversification in the broader benchmark index is less than it used to be. This is true. A group of large companies specializing in tech and artificial intelligence have taken the market by storm. Stocks like Nvidia and Apple now have market caps well over $1 trillion, a feat that used to be unthinkable. For investors who want to avoid this concentration, there are ways to buy an equal-weighted S&P 500 fund that removes the weighting of each stock. Investing requires patience, but if you trust the process, you'll realize that you can accumulate more wealth than you may have ever thought possible. This is due to the power of compounding. For instance, let's say you're just starting your career and don't have a lot of spare cash to invest but manage to scrape together $500. If you invested that money in the S&P 500, assume long-term historical returns of 10.4%, and add just $100 to your portfolio a year for 30 years, that initial $500 will grow into over $27,000. All you have to do is wait patiently. Also, as your career advances, you will likely have more disposable cash to invest, which will significantly enhance your returns. Now, a lot of risk-averse people may simply care too much about their money to trust the market, and I can certainly understand this sentiment. Unfortunately, keeping money in a checking account that doesn't earn anything will actually lose you money. This is because of inflation, in which consumer prices generally rise over time. Just think about how much prices have risen from before the pandemic in 2020 to now. If you kept your money in a checking account, its value stayed the same, but the price of pretty much everything else rose, leading to a loss of purchasing power. Many people are investing through an individual retirement account (IRA) or a 401(k) through an employer. In these cases, the U.S. tax code actually allows people to deduct a certain amount of contributions from the income they earn that will be taxed, leading to a lower tax bill. The limits in 2025 for an IRA are $7,000 per year for those under 50 and up to $23,500 for a 401(k). It can definitely make a difference. There's more than one way to invest. Some people buy large, very safe blue chip stocks; some buy stocks for their dividends; and some are more aggressive and make risky bets, hoping that one big win will make up for all the other losses, similar to a venture capitalist. The point is that you can invest in different strategies, sectors, regions, etc. Speaking to a financial advisor can be helpful because they can assess your current financial situation and your risk tolerance to develop a good investment strategy for you. When most people have money, they want to spend it. This tempts all of us to make purchases that we may want but don't necessarily need. By putting a certain amount of money each year into a retirement account or portfolio, people are removing some of these temptations and reinforcing smart spending habits. As I mentioned earlier, each dollar invested can go a long way due to the power of compounding, so each dollar we don't invest subtracts from your future wealth. It would be wonderful if everyone had financial freedom all the time, but that just isn't realistic. However, most people need more money as they get older because they have more responsibilities, whether it's starting a family, buying a house, or dealing with higher medical bills. If you invest younger when you typically have less responsibility, you'll be happy you have an investment portfolio that you can use later on if needed or that you aren't stressing about retirement. More than a few disciplined and patient investors have achieved financial freedom much earlier than they likely ever thought possible by starting early. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $373,066!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,158!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $664,089!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and Nvidia. The Motley Fool has a disclosure policy. 10 Reasons Every American Adult Should Invest in the Stock Market was originally published by The Motley Fool
Yahoo
25 minutes ago
- Yahoo
New CEO of Jeep owner Stellantis starts with leadership shake-up
Antonio Filosa began his tenure as chief executive of US-European auto giant Stellantis on Monday with a leadership shake-up, as he seeks to jump-start performance at the struggling maker of Jeep, Peugeot and Fiat vehicles. The company veteran, an Italian who led Stellantis in North and South America, was named last month to succeed Portuguese CEO Carlos Tavares, who was sacked in December. Filosa, who turns 52 this week, is at the top of a 13-person leadership team with six members from France, four from Italy and three from the United States. "The team I'm announcing today draws on all that is best in Stellantis," Filosa said in a statement. Filosa will retain oversight of the North American region, the region that accounts for most company profits whose struggles last year precipitated the fall of Tavares. Doug Ostermann, an American who was chief financial officer, will oversee mergers and acquisitions while Monica Genovese replaces Maxime Picat as head of purchasing. Picat, who was once seen as a potential successor of Tavares, has been mentioned as a possible replacement for Renault's departing chief executive Luca de Meo. tsz-fmp/lth/cw Sign in to access your portfolio
Yahoo
25 minutes ago
- Yahoo
‘Sluggish' UK business activity picks up as tariff threat eases
Activity across the UK's private sector has grown this month as some easing of US tariff policy helped lift business sentiment, new survey data shows. The strengthening service industry helped offset a persistent slump in manufacturing in June. The S&P Global flash UK composite purchasing managers' index (PMI) reported a reading of 50.7 in June, up from 50.3 in May. The flash figures are based on preliminary data. Any score above 50.0 indicates that activity is growing while any score below means it is contracting. The volume of new business returned to growth in June, ending a six-month period of contraction, the survey found. This was primarily driven by the service sector – the largest part of the UK's economy, spanning industries including hospitality, entertainment and culture, finance and real estate. A further slight expansion of activity in the sector was contrasted by another drop in production for manufacturers, led by a decline in overseas export orders. Concerns over the impact of Donald Trump's tariffs on US imports were partly behind the slump, despite some businesses saying confidence had improved as a result of the President striking new trade deals with countries including the UK. Chris Williamson, chief business economist at S&P Global Market Intelligence, said the UK economy was in a 'sluggish state' in recent weeks. 'Although business conditions have continued to improve since April's downturn, quelling recession fears, growth of business activity remains disappointingly lacklustre, indicative of second quarter GDP (gross domestic product) rising at only a 0.1% quarterly pace,' he said. 'Business confidence also remains in the doldrums compared to this time last year, losing ground again in June. 'On top of concerns over the impact of recent government policies and worries over global trade protectionism, June's data collection coincided with increased tensions in the Middle East. 'Employment has hence continued to be cut as firms grapple with the combination of higher staffing costs, linked to last autumn's budget, lower demand and subdued confidence.' The survey showed that hiring continued to be squeezed throughout the month, with employment across the private sector decreasing for the ninth month in a row and at a faster pace than May. Businesses surveyed said they had been making cutbacks to their workforce through hiring freezes and redundancies. But Elliott Jordan-Doak, senior UK economist for Pantheon Macroeconomics, pointed out that 'businesses were more optimistic about the future in June than in May, suggesting the economic outlook is improving'. 'Domestic activity is proving more resilient than external demand, consistent with Mr Trump's tariff threats weighing on cross-border trade,' he added. 'All told, the PMI suggests that business confidence is staging a fragile recovery after being battered by tariff threats and tax increases. 'That said, rising geopolitical stress is likely to be added to the growing list of worries facing businesses.' Sign in to access your portfolio
