Bitcoin soared to a record high above $106,000, helped by comments from President-elect Donald Trump, who suggested he was planning to create a U.S. strategic reserve of bitcoins similar to the strategic oil reserve.
This is reported by Reuters.
Bitcoin, the world's largest and most famous cryptocurrency, reached a high of $106,533 and was last traded at $105,688. The smaller cryptocurrency Ethereum rose almost 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 planned to create a cryptocurrency reserve similar to oil, Trump replied: "I think so: 'Yes, I think so.'"
Other countries are also considering the possibility of creating cryptocurrency strategic reserves.