Donald Trump's endorsement of Bitcoin has indeed contributed to the cryptocurrency's price surge. Here are some key points.

- Price Surge: Bitcoin's price jumped about 10% within hours of Trump's announcement on March 2, 2025, to create a U.S. crypto reserve including Bitcoin and several altcoins.

- Market Confidence: Trump's endorsement boosted market confidence, signaling formal recognition of digital assets within the U.S. financial system.

- Crypto Reserve: Trump's plan for a U.S. crypto reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano, has driven Bitcoin's price up.

- Recent Price: As of June 14, 2025, Bitcoin's price surged to $112,000, with some analysts warning of a potential crypto bubble fueled by Trump's crypto agenda.

It's worth noting that Trump's crypto push extends beyond Bitcoin, encompassing broader cryptocurrency policies and regulatory clarity. His administration has also been working on the GENIUS Act to support dollar-backed stablecoins.$BTC