Bitcoin hits record high of $ 107 ,000, hopes grow for strategic reserve

Bitcoin’s record rally topped $107,000 on Monday after President-elect Donald Trump reiterated that he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls.

Investor sentiment also got a lift from the inclusion of MicroStrategy into the tech-heavy Nasdaq 100 index that will likely lead to more inflows for the software firm turned bitcoin buyer.

Bitcoin, the world’s biggest and best known cryptocurrency, extended gains to a session high of $107,148 and was most recently at $106,877, up 5.43 per cent from late Friday. The No. 2 digital currency ether was up 1.85 per cent at $3,975.70.