Donald Trump

Jerome Powell

Reserve

President Donald Trump

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-reaches-new-heights-following-trumps-strategic-reserve-proposal/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Reaches New Heights Following Trump’s Strategic Reserve Proposal</a><br></p>
<p style="text-align: justify">Bitcoin surged over $107,000 on Monday, reaching a new record level after U.S. President Donald Trump raised the potential for a strategic BTC reserve. The largest <a href="https://en.coin-turk.com/crypto-growth-accelerates-in-the-middle-east/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> globally, Bitcoin, climbed to $107,793 and showed a 3.64% increase at the time of writing, signifying strong market interest.</p>
<h2 id="trump-s-btc-reserve-proposal">Trump’s BTC Reserve Proposal</h2>
<p style="text-align: justify">Investor confidence increased following MicroStrategy’s announcement that it would join the tech-heavy Nasdaq 100 index. This move is anticipated to attract more investment flow into the software company that has been purchasing Bitcoin.</p>
<h2 id="vaneck-s-2025-price-predictions">VanEck’s 2025 Price Predictions</h2>
<p style="text-align: justify">VanEck forecasts that Bitcoin could reach $180,000 by 2025, indicating potential growth in the <a href="https://en.coin-turk.com/cryptocurrency-market-kicks-off-march-with-volatility-and-rising-bitcoin-prices/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a>. Russia is also considering establishing strategic cryptocurrency reserves, with President Vladimir Putin noting that many countries are looking for alternative reserves as the current U.S. administration weakens the dollar’s status.</p>
<p style="text-align: justify">Federal Reserve Chairman Jerome Powell compared Bitcoin to gold, while Chris Weston, head of research at Pepperstone, expressed skepticism about the immediate establishment of a BTC strategic reserve. Matthew Sigel, head of digital asset research at VanEck, predicted a 30% pullback for Bitcoin after its initial peak, suggesting more significant declines for <a href="https://en.coin-turk.com/what-is-ankr-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a>.</p>
<p style="text-align: justify">As Bitcoin’s rise is supported by possible favorable regulations and strategic reserve plans from the Trump administration, market experts evaluate its long-term effects on the cryptocurrency market.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-reaches-new-heights-following-trumps-strategic-reserve-proposal/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Reaches New Heights Following Trump’s Strategic Reserve Proposal</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Reaches New Heights Following Trump’s Strategic Reserve Proposal

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