Bitcoin Breaks Another Record!
This time the new high broke the old record with $106,533 reached on Monday, driven by the proposal of the future president of the United States (US) Donald Trump who expressed his desire to create a strategic reserve of bitcoin in the US, similar to the national oil reserve.
This increase comes after bitcoin has increased by more than 50% since the election in November, with the total market value of crypto assets now exceeding $3.8 trillion.
Trump has also named former PayPal executive David Sacks as czar for artificial intelligence (AI) and crypto, and plans to nominate pro-crypto lawyer Paul Atkins to head the Securities and Exchange Commission.
Despite some skeptical views from figures such as Federal Reserve Chairman Jerome Powell, who compared bitcoin to gold, this development shows that the world is increasingly open to the potential of crypto as an alternative national reserve.
