TechFlow News — On January 17, according to The Block, Presto Research analyst Min Jung stated that Bitcoin's surge past $100,000 is primarily driven by two factors: lower-than-expected CPI data temporarily easing inflation concerns, and policy expectations related to Trump.
Previously, Trump planned to issue an executive order designating cryptocurrencies as a national strategic priority, considering the establishment of a cryptocurrency advisory committee, and exploring the creation of a reserve system based on U.S.-issued cryptocurrencies such as USDC, SOL, and XRP.
Jung emphasized that while the market remains cautiously optimistic about slowing inflation, investors are still closely monitoring the persistence of inflationary pressures. News related to Trump’s proposed national Bitcoin reserve could further trigger near-term market volatility.
