Trump Creates Bitcoin Reserve – Trader Predicts $100,000 Mark
The cryptocurrency community is abuzz after President Donald Trump announced plans to create a strategic reserve fund for Bitcoin and other digital assets.
The move is considered one of the most positive news ever for Bitcoin.
Popular cryptocurrency analyst Kaleo believes that this decision by the US government could push Bitcoin prices to six figures in a short period of time.
“Bitcoin has never had a more positive announcement, but some people are panic selling,” he stressed.
Bitcoin has literally never had a more bullish announcement and some people are selling here.
Kaleo criticized investors who were selling out of fear. According to him, the US government – one of the world’s largest Bitcoin holders – has affirmed that it will not sell its BTC holdings.
This could make the BTC supply more scarce and the price will continue to rise sharply.
Based on the chart analysis, Kaleo predicts that Bitcoin could surpass the $100,000 mark by mid-March and move towards $130,000 by May. This is an extremely optimistic sign for the market.
This week, after Trump confirmed plans to create a cryptocurrency reserve fund that includes Bitcoin, Ethereum (ETH), Solana (SOL), and Cardano (ADA), the market reacted strongly.
However, shortly after the announcement, Bitcoin made a slight correction. Currently, BTC is trading around $86,891 , down 2.7% in the past 24 hours. However, many investors believe that this is just a temporary correction before Bitcoin enters a new bull run.
