04/12 update below. This post was originally published on April 11

Bitcoin has bounced since plunging to lows of $60,000 per bitcoin in early February, adding 20% in what some think could be just the beginning of a bitcoin price boom.

Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market

The bitcoin price has struggled due to the U.S. war in Iran feeding inflation fears and BlackRock issuing a $1 trillion “nonsense” warning.

Now, as Elon Musk spurs fears that a nightmare bitcoin scenario could be coming true, U.S. Treasury secretary Scott Bessent has helped stoke predictions the stablecoin market could top trading volumes of $1.5 quadrillion by 2035 (just as the identity of bitcoin’s mystery…