Bitcoin and Crypto Soar as Dollar Weakens
Bitcoin and crypto prices have skyrocketed into 2026, rising in tandem with gold and silver as traders prepare for what promises to be a monumental year. The bitcoin price has surged to nearly $90,000 per bitcoin, rising from lows of under $85,000 in December, while gold and silver are inching back toward their all-time highs following a sudden shock that caused wild price swings earlier this week. In a significant development, U.S. president Donald Trump’s Treasury secretary has unveiled a 2026 price game-changer. Meanwhile, Trump’s media company has announced plans to issue a new cryptocurrency to its shareholders in 2026, reinforcing its commitment to bitcoin and crypto despite the price struggles experienced last year.
“We look forward to utilizing Crypto.com’s blockchain technology and improving regulatory clarity to implement this first-of-its-kind token distribution, reward Trump Media shareholders, and promote fair and transparent markets,” Trump Media chief executive Devin Nunes stated, which resulted in an uptick in the company’s share price, although it still lingers approximately 60% below its peak in 2025. Trump, the largest Trump Media shareholder, has promoted bitcoin and cryptocurrencies as potential remedies for the U.S. debt crisis in recent years, issuing an executive order to create a U.S. bitcoin reserve and initiating several cryptocurrencies that have all experienced significant price declines.
This week, Trump Media introduced its new cryptocurrency, assuring investors that they will receive one for each share they hold “in the near future.” The company also hinted at “various rewards” for holders, including discounts on its social media platform Truth Social, the streaming service Truth+, and the financial technology brand Truth.Fi. Trump’s ongoing endorsement of bitcoin and crypto emerges amidst a challenging market landscape following a sudden sell-off in October. This downturn aligns with a rally in gold and silver prices, as traders flock to the debasement trade, betting on persistent inflation diminishing the purchasing power of the U.S. dollar and other fiat currencies.
“The one narrative I expect to remain strong is the U.S. dollar debasement trade, which will likely continue to support precious metals like gold, silver and even base metals like copper,” Nic Puckrin said. “Bitcoin is expected to gain, but extreme price forecasts are improbable to come to fruition.” While a new all-time high could be on the horizon, it is unlikely to exceed the previous peak of $126,000, suggesting that a bear market may follow. “Long term, I’m bullish on both gold and bitcoin, but I think it’s important to step back and not treat investing like gambling,” stated David Miller. “When individuals express forecasts like, ‘It’s going to go down in the first half of the year and up in the second half,’ it begins to resemble a parlay bet rather than something based on solid reasoning. “There’s a very clear reason why gold makes sense in a portfolio, and there’s also a strong reason why bitcoin does as well—largely because the dollar doesn’t make much sense,” Miller said, pointing to the spiraling U.S. debt pile and the temptation for governments to print cash. “Over the long term, that’s bullish for both gold and bitcoin, but what happens in the near term is simply too hard to predict,” Miller stated.
