‘Existential Threat’—Wall Street Suddenly Braced For A Bitcoin And Crypto Price Game-Changer
Bitcoin and crypto prices have whipsawed this week as traders panic that Donald Trump’s tariff war could spark a bitcoin price “crisis scenario.”
The bitcoin price has outperformed stocks, with U.S. Treasury Secretary Scott Bessent issuing a surprise endorsement.
Now, as BlackRock’s chief executive issues a near-$1 trillion warning to the U.S. dollar, Wall Street banks are staring down the barrel of an “existential” bitcoin and crypto crisis as Trump pushes for radical new legislation.
