Bitcoin surged to $102,000! Bloomberg: Trump plans to make cryptocurrency a national priority

Only three days left before Trump, the first pro-cryptocurrency U.S. president, is taking office, and the world is closely watching whether he will introduce policies that will benefit the crypto industry after taking office to fulfill his campaign promises.

Cryptocurrencies will become a national priority for the United States

According to Bloomberg, citing people familiar with the matter, the Trump administration plans to issue an executive order to elevate the cryptocurrency industry to national policy priorities and give it a greater voice. The order may be released as soon as possible on Trump's inauguration day, but the specific time has not been finalized and may be adjusted before it is officially announced.

This executive order is expected to clarify the national priority of cryptocurrencies and guide government agencies to cooperate with the industry. At the same time, a cryptocurrency advisory committee is planned to promote industry policy development.

Bloomberg previously reported that the Trump administration intends to invite about 24 crypto industry CEOs and founders to join the advisory committee. Many potential candidates have met with Trump several times and are in close contact. Currently, Trump and his main advisers, including incoming White House artificial intelligence and cryptocurrency adviser David Sacks, are still finalizing the roster of candidates. The market generally speculates that Crypto.com CEO Kris Marszalek, MicroStrategy CEO Michael Saylor and Coinbase CEO Brian Armstrong may all be selected.

Establishing a national Bitcoin reserve may be taken into consideration

People familiar with the matter also revealed that the executive order may include plans to establish a national Bitcoin reserve to manage Bitcoin held by the U.S. government. According to data from analysis company Arkham, the U.S. government currently holds about 198,000 bitcoins, worth nearly US$20 billion, ranking first in the world's national currency holdings.

In addition, the order may require government departments to re-examine existing digital asset policies and even suspend relevant legal lawsuits against companies such as Binance and Ripple.

Kara Calvert, vice president of U.S. policy at Coinbase, said these measures will send a signal to other countries: "If you are not careful, you will fall behind." She added: "I think the message Trump wants to convey is that the United States will return strongly and will lead the development of the cryptocurrency industry."

Trump himself also emphasized in an interview last month that the government plans to take major actions in the cryptocurrency field because "we want to be leaders."

At present, Trump's representative has not responded to a request for comment on news related to the executive order.

Bitcoin price exceeded US$102,000

Since Trump's victory in November, expectations for the Trump administration's support for the development of the crypto industry have continued to heat up, with Bitcoin price rising nearly 50% since then and hitting an all-time high of $108,000 last month.

According to this news, Bitcoin broke through $102,000 at about 10:15 this morning, hitting a high of $102,148, with an increase of more than 2% in 24 hours.

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