Bitcoin surged past $107,000, hitting an all-time high following President-elect Donald Trump's pledge to create a U.S. bitcoin strategic reserve, mirroring the oil reserve system. This announcement, combined with the inclusion of Bitcoin-focused company MicroStrategy in the Nasdaq 100, fueled market optimism.
Bitcoin rose over 50% since the November U.S. election, while Ethereum also saw gains. Trump, who has shifted to a pro-crypto stance, hinted at plans to establish the U.S. as a global crypto leader, naming crypto-friendly officials to key regulatory positions.
Despite enthusiasm, analysts caution that implementing a bitcoin reserve could face significant delays and complexities.
Finsum: Bitcoin's value has soared over 150% this year, reflecting increasing investor confidence in its regulatory and market potential.
- bitcoin
- crypto
- ethereum
- Trump
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
