Bitcoin experienced a significant increase and may continue its upward trend after President Trump declared the establishment of a U.S. strategic crypto reserve, according to XTB’s Kathleen Brooks.
“Paradoxically, a [cryptocurrency] that was intended to be free from government control and decentralized, is now dependent on the U.S. government for its destiny,” she remarked.
Investors in the options market are anticipating additional gains for cryptocurrencies following Trump’s announcement. Brooks suggested that Bitcoin may ascend back to $100,000 as part of a comprehensive recovery in the crypto market.
