Bitcoin has once again "broken through the ceiling": what does Trump have to do with it?

On Monday, December 16, the price of the cryptocurrency Bitcoin reached a new all-time high, surpassing the mark of 106 thousand dollars. This is linked to statements by newly elected U.S. President Donald Trump regarding the potential establishment of a strategic reserve of bitcoins, similar to the oil reserve.

As reported by Reuters, this announcement from the future White House leader sparked a wave of optimism among investors and major cryptocurrency holders. The price of Bitcoin peaked at 106,533 dollars, and later the cryptocurrency traded at 104,462 dollars, which is 3.2% higher than the previous figure.

Analyst Tony Sycamore from IG predicts that the next target for the market is 110 thousand dollars per Bitcoin. According to him, the correction that some traders anticipated did not occur due to the impact of recent news.

Recently, Donald Trump, during an interview with CNBC, answered affirmatively to a question about the possibility of creating a strategic reserve of bitcoins similar to oil reserves. He emphasized that the U.S. aims to remain a leader in the digital asset space.

"We need to do something significant with cryptocurrency to stay at the forefront. We cannot let China or any other country get ahead of us," Trump noted.

As a reminder, earlier "Telegraph" reported on how the cryptocurrency rate has changed in Ukraine. Bitcoin used to be cheaper than a loaf of bread.