Bitcoin (BTC) has once again set a new all-time high, breaking through the $105,000 mark.
At 9:51 a.m. on the 16th, based on CoinMarketCap, BTC recorded $105,684, up 4.34% from the previous day. This is the first time BTC has risen to the $105,000 level. In the domestic market, it also exceeded the 150 million won mark for the first time. At the same time, BTC was traded at 151.33 million won on the domestic exchange Bithumb, up 2.44% from the previous day.
This sharp rise in BTC is due to the increased likelihood of the US accumulating BTC. On the 15th (local time), Jack Mallers, the founder of Strike, said that the President-elect Trump plans to pursue BTC reserves through an executive order on his first day in office. Previously, Republican Senator Cynthia Lummis had introduced a bill for the US Treasury and the Federal Reserve to purchase 200,000 BTC per year for 5 years, accumulating a total of 1 million BTC as a strategic asset. Mallers said, "The BTC reserve size may not reach 1 million, but it will be a significant portion."
Bills for BTC strategic asset reserves are also being introduced in various US states. So far, such bills have been introduced in Pennsylvania and Texas. Dennis Porter, CEO of the non-profit Satoshi Action Fund, said through his X account that "the 3rd state-level BTC reserve asset bill is in the works" and that "the draft has been received and the substance has been confirmed." He added, "More such bills will continue to emerge, and at least 10 more states are expected to join."
There are also observations that the Fed's interest rate cut expected on the 18th could further boost the BTC price.
- Reporter Kim Jeong-woo
- woo@decenter.kr
< Copyright holder ⓒ Decenter, Unauthorized reproduction and redistribution prohibited >
