Bitcoin reaches new all-time high of $107,000 after Trump confirms plans for Bitcoin reserve

Bitcoin surged to a record high of $107,822, driven by President-elect Donald Trump’s support for a national Bitcoin reserve and investor optimism.

Trump reaffirmed his stance in a CNBC interview, citing the need to compete globally, while Wyoming Sen. Cynthia Lummis’ proposed Bitcoin Act seeks to establish the reserve.

Trump’s Treasury pick, Scott Bessent, and Lummis’ involvement add credibility to Bitcoin as a reserve asset.

Analysts suggest this could spark global competition for Bitcoin, Fortune has reported.

read more: https://fortune.com/crypto/2024/12/16/bitcoin-trump-all-time-high-crypto-reserve/

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

Follow Me On BlueSky
https://bsky.app/profile/bcbegley.bsky.social

#Bitcoin #Trump