Bitcoin surged past $98,000 during Asian trading hours on February 6, 2025, following an encouraging statement from Eric Trump, the son of former U.S. President Donald Trump. In a post on X, Eric Trump described the current market conditions as a great opportunity to invest in Bitcoin (BTC). His endorsement comes shortly after David Sacks, an advisor on AI and cryptocurrency for the Trump administration, indicated that the government is exploring the concept of establishing a strategic Bitcoin reserve. This potential governmental action has heightened expectations among cryptocurrency investors, contributing to the recent price increase of Bitcoin. Omkar Godbole, a Co-Managing Editor at CoinDesk with a background in finance and market analysis, reported on this development, which reflects a significant moment for Bitcoin's market presence as influential political figures signal favorable conditions for investment.

Source đź”—