Trump Reaffirms Commitment to Create Bitcoin Reserve for the US

The new US President Donald Trump wants to strengthen the United States' leading position in the world in the cryptocurrency field with a Bitcoin reserve fund strategy. Mr. Trump reaffirmed his commitment to establishing a Bitcoin reserve fund for the United States. Image: FOX Business Participating in the opening bell ringing ceremony at the New York Stock Exchange on December 13 (US time) on the occasion of being named 'Person of the Year' by TIME magazine, the new President Donald Trump once again emphasized his commitment to adopting Bitcoin that he had made during the election campaign. Specifically, when asked by famous TV host Jim Cramer of CNBC whether the US would establish a Bitcoin reserve fund "similar to what has been done with oil", Mr. Trump replied: "I think so. We're gonna do something great with crypto, because we don't want China, or anybody else, taking it and doing something with it. We want to be the ones to do it." Mr. Trump also wants the US to take the lead in AI technology, as evidenced by his appointment of David Sacks, the founding COO of PayPal and a prominent tech investor in Silicon Valley, as a crypto and AI advisor at the White House, who has progressive views on digital currencies. In addition, news agency Axios cited internal sources confirming that Mr. Trump is very interested in the cryptocurrency market, seeing its importance as no different from the stock market, and wants the Bitcoin price to reach $150,000 in the early part of his presidential term. Mr. Trump is also the first US President to post a congratulatory message on Bitcoin reaching the historic milestone of $100,000 on December 5, exactly one month after his election victory. The new President also claimed to have played a significant role in helping BTC achieve this feat.