Bitcoin just hit a record above $123,000 and crypto is suddenly back in the headlines. A major new US law backing stablecoins has sent digital assets soaring, and it’s tied directly to Donald Trump’s renewed push to make crypto part of the political mainstream. While Bitcoin itself isn’t covered by the legislation, the broader mood shift has given the whole sector a boost - and Aussie investors are watching closely.

This week on the Bloomberg Australia Podcast, host Rebecca Jones speaks with cross-asset reporter Richard Henderson about what this new wave of momentum really means. From ETFs and super fund exposure to why stablecoins matter more than you might think, they break down how crypto is evolving, what’s driving the surge - and whether this marks a shift toward digital assets going truly mainstream.