Official announcements from the U.S. government or credible financial news outlets

Trump to Form 'Crypto Advisory Council' to Establish U.S. Bitcoin Strategic Reserve; Bitcoin Hits $99,000

Nov 21, 2024, 07:19 PM

President-elect Donald Trump is forming a 'Crypto Advisory Council' to establish a U.S. Bitcoin Strategic Reserve, according to Reuters. This initiative is expected to significantly impact the cryptocurrency market, with Bitcoin's value already surging by 45% to nearly $100,000 since Trump's election victory. The council will include industry participants and will be located inside the White House. Trump's move is seen as a fulfillment of his campaign promises to support and integrate cryptocurrency into the national financial system. Bitcoin reached an all-time high of $99,000 on November 21, 2024.