The price of the Bitcoin cryptocurrency has updated its record level and is more than 106 thousand dollars.
This comes after the newly elected President of the United States of America, Donald Trump, said that he plans to create a Strategic Bitcoin Reserve in the United States, similar to the Strategic Oil Reserve. The price of Bitcoin is expected to rise. Bitcoin has already grown by 192% in a year. This was reported by Reuters.
The next figure the market will strive for is $110 thousand. The pullback that many were expecting simply hasn’t happened because we now have this news,” said IG Australia Pty lead financial analyst Tony Sycamore.
Trump previously said in an interview with CNBC that his administration will create a more favorable regulatory environment, which will increase sentiment around the alternative currency.
Asked if he planned to create a cryptocurrency reserve similar to oil, Trump said, “I think so.”
Let us remind you that on December 5, the price of Bitcoin exceeded 100 thousand dollars for the first time in history. Paul Atkins.
Source: Reuters
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.