Bitcoin Surges to Record Highs Amid Strategic Reserve Speculations

Bitcoin has reached unprecedented levels, surpassing $107,000. This surge is largely attributed to President-elect Donald Trump's proposal to establish a U.S. Strategic Bitcoin Reserve, akin to the nation's oil reserves. Trump's campaign discussions suggested creating a $20 billion Bitcoin reserve, and recent statements indicate plans to explore this initiative further. Additionally, Representative Cynthia Lummis has proposed that the U.S. government purchase 1 million bitcoins, a move that would exceed $100 billion at current valuations. These developments have significantly boosted investor confidence in Bitcoin.