Musk Fuels Speculation On US Bitcoin Reserve As Crypto Surges
Posted On December 7, 2024
Elon Musk has ignited speculation regarding the potential creation of a U.S. Bitcoin (CRYPTO: BTC) strategic reserve. This comes as Bitcoin’s value soars past the $100,000 mark, following the victory of President-elect Donald Trump.
What Happened: According to a report Musk’s hints at a significant shift in the Bitcoin and crypto market have led traders and analysts to speculate on the possibility of a U.S. Bitcoin strategic reserve.
Musk, who has emerged as an influential advisor to Trump after the election, is viewed as a crucial figure in the pro-cryptocurrency administration.
According to the report by Forbes, …
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