08/25 update below. This post was originally published on August 24

Bitcoin and crypto prices have rocketed over the last week, lifting the combined market by around $500 billion as “panic” spread like wildfire through markets.

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The bitcoin price has come within touching distance of $80,000 for the first time since late May, pushed on by one legendary billioniare investor naming bitcoin among his trade picks.

Now, as BlackRock reveals a surprise bitcoin flip, Treasury secretary Scott Bessent could be about to deliver a fresh, $1 trillion boost to the bitcoin price.

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