Source: Zhitong Finance

On Monday morning in the Asia market, Bitcoin broke through 106,000 USD, reaching a new historical high, thanks to comments from USA President-elect Trump, who previously stated he plans to establish a USA Bitcoin Strategic Reserve similar to the Strategic Petroleum Reserve.

Data shows that Bitcoin once reached a high of $106,569.4, and as of the time of writing, the trading price of this Digital Currency is $105,032.3.

IG Analyst Tony Sycamore stated that over the weekend, there were reports that Trump would continue to promote the Bitcoin strategic reserve Fund, resulting in an increase in Bitcoin prices.

"Some outlandish ideas have been proposed," said Sycamore. "The next expected number for the market is $0.11 million. Many people were anticipating a pullback, but it did not happen because we have received this news."

Since Trump's election on November 5th alongside many other candidates supporting Cryptos, the Bitcoin price has surged by over 50%.

Last week, Trump stated, "We are going to do some great things in the field of Cryptos, ... other countries are embracing it, but we want to be the leaders."

When asked whether he plans to establish a cryptocurrency reserve similar to the oil reserve, Trump pointed out, "Yes, I think so."

It is understood that the cryptocurrency Industry spent over 0.119 billion dollars to support crypto-friendly congressional candidates in the USA, with the aim of enhancing the influence of those promoting Digital Currency through crypto-friendly legislation.

This month, Trump also appointed a White House AI and cryptocurrency czar — former PayPal (PYPL.US) executive David Sacks, a close friend of Trump's advisor and major donor Musk.

编辑/jayden