Analysts at a Wall Street investment bank have put the odds of incoming U.S. president Donald Trump creating a bitcoin reserve at

The Doge department is a nod to the shiba inu doge meme that's also linked to the dogecoin cryptocurrency, named by Elon Musk as his "favorite" cryptocurrency and accepted as payment by his Tesla car company—though Tesla continues to hold around 10,000 bitcoin worth around $1 billion on its balance sheet.

An exec at crypto mining firm Riot Platforms makes his case for why Bitcoin is the "most reliable" form of money.

Bitcoin closed a daily candle above $100,000 for the first time on Dec. 8, but since then, it has been above the six-figure level for only six days. A daily close above $100,000 will be a pivotal turn, and Posty, a crypto trader, said that BTC’s current price action reflects its bullish rally from Q1, 2021.

The U.S. dollar weakened as Bitcoin rose, following a report that President-elect Donald Trump’s team is weighing a pared-back tariff plan.

And, if Bitcoin's price continues to soar over the next decade, the strategic Bitcoin reserve might eventually be used to pay down the $35 trillion in national debt. As Saylor recently suggested, the strategic Bitcoin reserve has the potential to create as much as $81 trillion in new wealth for the U.S. Treasury.

MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency.

According to Cathie Wood of Ark Invest, Bitcoin's price could hit $1 million by 2030. A primary factor pushing Bitcoin higher is its inherent scarcity. New demand from institutions, corporations, and governments is also sending Bitcoin higher.

MicroStrategy added another 1,070 Bitcoin to its holdings, spending around $101 million at an average price of $94,004 per Bitcoin.

Canada’s Prime Minster has resigned, paving the way for the conservative party’s pro-Bitcoin leader to replace him.

Options market sees renewed action in bitcoin call options at $100,000 and $120,000 strikes on Deribit, a signal that traders are bullish on BTC price after Donald Trump’s inauguration on Jan. 20. "Markets Daily" host Jennifer Sanasie weighs in on the optimistic outlook for bitcoin under the Trump administration.