The price of Bitcoin is rising! Trump's strategic crypto reserve plan may increase further! -------------------------------------------------------------------
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).
Decision to Create a 'Bitcoin Reserve' in the United States
US President Donald Trump has authorized the creation of this 'Bitcoin Reserve' in a special order. The government will store approximately 200,000 bitcoins, which have been seized in various legal cases. This reserve, referred to as the "Digital Fort Knox," will serve as a mechanism for securely holding bitcoins.
This decision indicates that the US government is now placing much greater importance on cryptocurrencies. It is believed that in the near future, bitcoins will also be able to be withdrawn from bank ATMs.