Bitcoin surged past $106,000 before settling near $105,000 in Asia trading Monday, marking a record high. The cryptocurrency has rallied over 50% since Donald Trump's November 5 election victory, as his incoming administration signals crypto-friendly policies. Trump has proposed creating a national Bitcoin reserve akin to the U.S. strategic oil reserve, fueling market optimism. Analysts predict Bitcoin may hit $120,000 by year-end, with potential for $150,000 by mid-2025. Trump’s recent nominations highlight his administration’s focus on digital assets. Current SEC chair Gary Gensler plans to resign on Inauguration Day, as Trump prepares to take office.
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00:00It's Benzinga, bringing Wall Street to mainstream.
00:02Bitcoin surged past $106,000 before settling near $105,000 in Asia Trading Monday,
00:07marking a record high. The cryptocurrency has rallied over 50% since Donald Trump's
00:12November 5th election victory, as his incoming administration signals crypto-friendly policies.
00:18Trump has proposed creating a national Bitcoin reserve akin to U.S. Strategic Oil Reserve,
00:24fueling market optimism. Analysts predict Bitcoin may hit $120,000 by year-end,
00:29with potential for $150,000 by mid-2025. Trump's recent nominations highlight his
00:35administration's focus on digital assets. Current SEC Chair Gary Gensler plans to
00:40resign on Inauguration Day as Trump prepares to take office.