Crypto Craze: Bitcoin's Boom and Trump's Big Plan

Bitcoin hit a new high of $107, 000 on Monday. Why the sudden boost? President-elect Donald Trump wants the U. S. to have a bitcoin strategic reserve. This is like the country's oil reserve but for digital currency. He hopes it will give the U. S. an edge in the global market. Also, MicroStrategy joining the Nasdaq 100 index has investors feeling optimistic. This could bring more financial support to the company, which is a key player in the bitcoin game. However, experts say it might take time for these reserve plans to become reality. Cryptocurrency markets have been doing great since the election, thanks to Trump's promise to support digital assets. Getting back to bitcoin, even with all this excitement, there are no guarantees. It could take a while for these plans to actually happen. And even if they do, there's no telling how the market will react. So, should we all rush to invest? Not so fast. It's important to think critically and understand the risks before jumping in. One thing is clear: cryptocurrency is becoming more mainstream. With big names like MicroStrategy getting involved, it's not just for tech geeks anymore. But being in the spotlight also means more scrutiny. So, let's see how this all plays out.