Dalio, JPMorgan Warn Dollar Collapse on $39T Debt, Bitcoin Hits $80K

Bitcoin trades near $80,300 as Ray Dalio and JPMorgan predict a U.S. dollar collapse from $39 trillion debt, shifting the debasement trade to BTC with ETF inflows outpacing gold. The rally evolved from January halving fears and March lows around $71K, through April's 20% surge to $79K on Fed decoupling (correlation -0.778), $56B Q1 ETF inflows, and MicroStrategy's 818K BTC (3.9% supply). May catalysts feature STRC's $8.5B AUM ($38B run rate), Tether's $2.1B 7.49% loans, Ark's $16T 2030 cap, VanEck's $1M target, BlackRock's 1-2% allocations, despite CryptoQuant's Bull Score at 40.