There is real fear that the U.S government debt situation could get a lot worse soon. Unlike every U.S. president in history, Trump has stopped pretending it doesn't exist and is no longer attempting to keep the system propped up at any cost. This is why BTC and ETH were up and S&P was down last week.

There's no guarantee that outperformance will continue, but it's also quite possible the entire world finally starts to really understand the purpose of a credibly neutral store of value.