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Bitcoin Tops $106,000 as Trump Confirms US Bitcoin Reserve, $15 Trillion Boom Predicted

Dec 16, 2024, 12:36 AM

Bitcoin surged to a record high above $106,000, boosted by comments from President-elect Donald Trump confirming plans to create a US strategic Bitcoin reserve through a Day One executive order. The cryptocurrency surpassed previous milestones rapidly, reaching $103,000, $104,000, $105,000, and over $106,000. Analysts predict this move could drive Bitcoin's market capitalization towards a $15 trillion boom, with prices potentially reaching $800,000. Trump's support aims to establish the US as a leader in the digital assets sector, creating a favorable regulatory environment. Investor optimism is high, with expectations that Bitcoin may hit $120,000 in the near future.