Categories: Techno

Bitcoin soars to new record high amid Trump's announcement of US crypto reserve

Bitcoin has reached a new record high of over $106,000. This was made possible by the statement of President-elect Donald Trump, who expressed the idea of ​​creating a national Bitcoin reserve by analogy with the US strategic oil reserve. This is reported by forex.ua with reference to Reuters.

Bitcoin, the world's leading cryptocurrency, rose to a record high of $106,533, before stopping at $105,688. Ether rose nearly 3% to $4,014.

“We're going to do something big with cryptocurrency because we don't want China or anyone else – not just China, but others – to take it – and we want to be the leader,”, – Trump said in an interview with CNBC.

When asked if he was going to create a cryptocurrency reserve similar to oil, Trump replied: “I think so: “Yes, I think so”.

Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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