The price of Bitcoin is rising! Trump's strategic crypto reserve plan may increase further!
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After President Trump's announcement of creating a "crypto reserve" in the United States, the price of Bitcoin is rising rapidly, said XTB's research director, Kathleen Brooks. Interestingly, Bitcoin was created to be free from government control, which is now benefiting with the support of the U.S. government.
Investors are hopeful that the price of cryptocurrencies will increase further, and some believe Bitcoin could reach $100,000.
Currently, the price of Bitcoin has risen by 9.3% to $92,090, after falling to $78,273 last Friday.
Trump has stated that the crypto reserve will include coins such as Bitcoin, Ether, XRP, Solana (SOL), and Cardano (ADA).
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