According to Zhitong Finance APP, on Monday morning in Asia, Bitcoin broke through $105,000, setting a new historical high, thanks to comments from U.S. President-elect Donald Trump, who previously stated that he plans to establish a U.S. Bitcoin strategic reserve similar to its 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 the cryptocurrency is $105,032.3.
IG analyst Tony Sycamore stated that news over the weekend reported that Trump would continue to push for a Bitcoin strategic reserve fund, leading to the rise in Bitcoin prices.
&#34;There have been some outlandish ideas proposed,&#34; Sycamore said, &#34;The next expected number for the market is $110,000. Many were anticipating a pullback, but that did not happen because we received this news.&#34;
<img src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20241216/1734311994704911.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="image.png" original-src="https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20241216/1734311994704911.png"/>
Since Trump was elected on November 5 alongside many other candidates supportive of cryptocurrencies, the price of Bitcoin has surged by over 50%.
Trump stated last week, &#34;We are going to do some great things in the cryptocurrency space... Other countries are embracing it, but we want to be the leader.&#34;
When asked if he plans to establish a cryptocurrency reserve similar to the oil reserve, Trump pointed out, &#34;Yes, I think so.&#34;
It is understood that the cryptocurrency industry has spent over $119 million supporting pro-cryptocurrency candidates in the U.S. Congress, aiming to strengthen the influence of those promoting digital assets through cryptocurrency-friendly legislation.
This month, Trump also appointed a White House artificial intelligence and cryptocurrency czar—former PayPal (PYPL.US) executive David Sacks, a close friend of Trump's advisor and major donor Elon Musk

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Bitcoin broke through $105,000 in early Asian trading on Monday, reaching a historic high, influenced by comments from U.S. President-elect Donald Trump about establishing a strategic reserve for Bitcoin. Bitcoin once touched $106,569.4, and analyst Tony Sycamore pointed out that the market is looking forward to the next target of $110,000. Since Trump's election on November 5, the price of Bitcoin has risen by more than 50%. Trump expressed a desire to make significant progress in the cryptocurrency space and appointed former PayPal executive David Sacks as White House advisor on artificial intelligence and cryptocurrency

- Bitcoin surpassed $105,000 on Monday, reaching a historic high due to comments from U.S. President-elect Trump about establishing a Bitcoin strategic reserve similar to the Strategic Petroleum Reserve.  
- The cryptocurrency peaked at $106,569.4, with analysts noting a 50% price increase since Trump's election alongside other pro-crypto candidates.  
- Trump emphasized the U.S. aims to lead in cryptocurrency, and over $119 million has been spent by the crypto industry to support pro-crypto congressional candidates.

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The U.S. Bitcoin strategic reserve proposal ignites market enthusiasm as Bitcoin strongly breaks through $105,000