BCGAME - Free 5BTC Daily Bonus!- Bitcoin Surpasses $107.000 as Global Enthusiasm Grows
- Trump Considers Strategic Bitcoin Reserve
- Fed may cut interest rates; crypto assets continue to rise
Bitcoin reached a historic milestone on Monday, surpassing $107.000, driven by a set of factors. The expectation of a rate cut by the Federal Reserve this week and statements by President-elect Donald Trump about the creation of a Bitcoin Strategic Reserve were the main drivers of this appreciation. MicroStrategy's inclusion in the Nasdaq 100 index also increased optimism in the market, highlighting the growing institutional interest in cryptocurrencies.
At the time of publication, the price of Bitcoin was quoted at US$107.092, up 4% in the last 24 hours.
During an interview with CNBC, Trump said he was considering creating a strategic reserve for Bitcoin, similar to the US Strategic Petroleum Reserve. He commented, “Yes, I think so,” reinforcing the idea that the country could lead the global cryptocurrency scene. Dennis Porter, CEO of the Satoshi Action Fund, tweeted that Trump could use the Exchange Stabilization Fund (ESF) for this purpose. “The Treasury, through the Exchange Stabilization Fund, has the authority to stabilize the dollar by purchasing currencies. Trump will use this fund to buy Bitcoin,” Porter wrote. The ESF, which currently holds over $200 billion in assets, has historically been used in financial crises, such as the 2008 crisis and the COVID-19 pandemic.
Another highlight was a tweet from Michael Saylor, co-founder of MicroStrategy, who reinforced Trump’s commitment to the idea. “Trump is serious about a Bitcoin National Reserve,” Saylor declared, raising expectations in the crypto community.
The idea of a strategic reserve is not exclusive to the US. Countries such as China, the United Kingdom, Brazil and El Salvador already accumulate Bitcoin in their reserves, while new initiatives continue to emerge. In Brazil, a project proposes allocating 5% of international reserves to the digital asset. In the US, states such as Texas and Pennsylvania are already working on local legislation to create Bitcoin reserves.
Additionally, Senator Cynthia Lummis has suggested that the US acquire 200.000 BTC annually for the next five years, which would require congressional approval. However, critics point out that centralizing Bitcoin in reserves could impact market equilibrium.
The market is also responding to expectations of a 25 basis point interest rate cut by the Federal Reserve, a decision that will be announced on Wednesday. Investors see the possible reduction as positive for risk assets such as Bitcoin. The cryptocurrency has appreciated 158% in 2024, and the total crypto market has reached US$ 3,8 trillion.
MicroStrategy's inclusion in the Nasdaq 100 index, which will occur on December 23, also boosted the market. The company has already accumulated 439.000 BTC, with an unrealized profit of US$ 19,1 billion. The appreciation benefited stocks related to the sector, such as Coinbase (+2,6%), Robinhood (+5,3%) and MARA Holdings (+8,5%).
