# Bitcoin Climbs to $105K Record as Trump’s US Reserve Asset Talks Ignite Market Frenzy By Luis Gochoco Canonical URL: https://www.tokenpost.com/news/investing/13673 Published: 2024-12-16T00:21:31.000Z Updated: 2024-12-16T00:21:31.000Z Section: Investing > Bitcoin surges past $105K as rumors of Trump declaring it a US reserve asset drive momentum. Bitcoin hit $105,100 on Dec. 15, smashing its previous record as speculation swirls around President-Elect Donald Trump’s potential plan to designate the cryptocurrency as a US reserve asset. Bitcoin’s value has risen 20% this month, maintaining its position above $100,000. Bitcoin Surges Past $105K Amid Reserve Asset Speculation As speculation around the possibility of Bitcoin becoming a reserve asset for the United States continues to develop, the price of Bitcoin increased by more than 3.2% on December 15 to reach a new all-time high above $105,000. [TradingView]() data reveals that Bitcoin reached its highest point of $105,100, but it has subsequently experienced a little decline to $104,850. The previous high, which was reached on December 5th, was $104,000 to begin with. Over the past month, it has increased by over 20%, and it has increased by 55.5% since the presidential election in the United States on November 5. Since the 13th of December, at approximately 5:00 pm UTC, the price of Bitcoin has further maintained its position over the $100,000 threshold, [Cointelegraph]() shares Trump’s Potential Executive Order on Bitcoin Sparks Market Optimism The announcement comes at a time when Jack Mallers, founder and CEO of Strike, has stated that President-elect Donald Trump of the US could issue an executive order classifying Bitcoin as a reserve asset on his first day in office. In his statement, Mallers included the following: "There’s potential to use a day-one executive order to purchase Bitcoin." “It wouldn't be the size and scale of 1 million coins but it would be a significant position." On the 20th of January, Trump will first take office. Bitcoin Price Could Skyrocket to $200,000 by 2025, Experts Say The asset managers Bitwise and VanEck anticipate that the price of Bitcoin will skyrocket to the range of $180,000 to $200,000 in the year 2025, regardless of whether or not a strategic Bitcoin reserve is established in the United States. [TokenPost]() | info@tokenpost.com ## Links in this article - [TradingView](http://www.tradingview.com/symbols/BTCUSD/?exchange=COINBASE) - [Cointelegraph](http://cointelegraph.com/news/trump-bitcoin-us-reserve-asset-day-one-how-high-will-btc-price-go) - [TokenPost](https://www.tokenpost.com)