Bitcoin ($BTC) is trading above $97,000 in May 2025. The rally is fueled by:
Bitcoin ETFs: Over $14 billion has flowed into spot Bitcoin ETFs since their approval in early 2024, attracting major institutional investors.
U.S. Bitcoin Reserve: The U.S. government now holds over 200,000 BTC as part of a Strategic Bitcoin Reserve—showing national-level confidence in crypto.
In March 2025, former President Donald Trump signed an executive order establishing the U.S. Strategic Bitcoin Reserve. This move positions the U.S. as the world's largest known state holder of Bitcoin, with approximately 200,000 BTC. The reserve is funded by the Treasury's forfeited Bitcoin and aims to maintain government-owned Bitcoin as a national reserve asset.