by Billy Bambrough
Forbes
Bitcoin has surged over the last year, propelled higher by Wall Street’s embrace of crypto and U.S. president Donald Trump’s support (despite Google revealing a serious BlackRock bitcoin nightmare just got a lot worse).
The bitcoin price set a new all-time high of $112,000 per bitcoin last month, surging 50% from its April low and helped by U.S. vice president JD Vance issuing a huge crypto prediction.
Now, as the Covid-era meme stock craze turns to bitcoin, Tesla billionaire Elon Musk has restarted his campaign against out-of-control U.S. government spending, backing a warning that bitcoin could “take over” from the U.S. dollar as the world’s reserve currency.