Bitcoin (BTC), the leading cryptocurrency, has experienced a substantial price surge, nearing the $70,000 mark. This impressive rally can be attributed to the influential remarks made by former US President Donald Trump during the Bitcoin Conference 2024 in Nashville. Trump declared his commitment to retaining the US government’s Bitcoin holdings if he were to be re-elected, demonstrating his favorable position towards cryptocurrencies. Furthermore, he proposed the notion of preserving Bitcoin as a strategic reserve, thereby bolstering market confidence and propelling Bitcoin’s value towards this noteworthy threshold.
