In this news:
As Bitcoin BTC/USD nears the $106,000 mark, the probability of the U.S. establishing a strategic Bitcoin reserve has surged to an all-time high of 70%.
What Happened: Well-known venture capitalist and Bitcoin enthusiast Anthony Pompliano shared data indicating a significant increase in the likelihood of incoming president Donald Trump creating a strategic Bitcoin reserve in 2025.
This information was shared as Bitcoin briefly hit the $106,000 mark before experiencing a minor pullback. The cryptocurrency is currently trading at $103,120 per coin, marking a 2.71% decline within several hours.
The speculation surrounding the new presidential administration’s plans to approve the creation of a strategic Bitcoin reserve has been a key factor in the cryptocurrency’s recent price surge.
The odds of a strategic bitcoin reserve just hit an all-time high of 70%. /A1ZjppwKQj
— Anthony Pompliano 🌪 (@APompliano) January 18, 2025
Another significant factor driving Bitcoin’s price is the upcoming inauguration of President Donald Trump on January 20.
