Bitcoin has limped into 2026, flailing in the wake of a gold price boom that’s catapulted it to an eye-watering $34 trillion market capitalization (triggering predictions of even more gains to come).
The bitcoin price, which plummeted under $100,000 per bitcoin in November, has struggled to regain its early 2025 momentum as Bank Of America’s chief executive issues a serious $6 trillion warning.
Now, with bitcoin and crypto primed for an imminent, “massive” shock, bitcoin-backing BlackRock fixed income chief Rick Rieder has become a surprise favorite to be named as U.S. president Donald Trump’s pick as Federal Reserve chair.
