The proposal to create a strategic crypto reserve in the United States has become a catalyst for the growth of the value of Bitcoin.
On December 16, the Bitcoin rate exceeded a new all-time mark of 106 thousand dollars. This happened against the backdrop of US President Donald Trump's proposal to create a strategic reserve of bitcoins in the country, similar to the strategic oil reserve.
Reuters writes about this.
By the time of publication of the material, the price of bitcoin was set at $104,905. Over the year, bitcoin has already risen in price by 192%, Reuters journalists write.
“The next figure that the market will strive for is $110,000. The pullback that many expected simply did not happen, because now we have this news,” noted Tony Sycamore, an analyst at the trading company IG.
The article notes that Bitcoin and cryptocurrency in general began to rise in price after the US elections in November, as the new Trump administration is expected to create a more favorable environment for the alternative currency.
Recall that on December 5, the price of Bitcoin exceeded $100,000 for the first time. Then, the daily growth was 4.6%.
On November 26, Bitcoin fell sharply: having almost reached the $100,000 mark the day before against the backdrop of Donald Trump's victory in the US presidential election, the value of the cryptocurrency fell to $90,000. Crypto billionaire Michael Novogratz suggested that the price could fall to about $80,000 before Bitcoin recovers and breaks the $100,000 mark.
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