TechFlow news, on March 3, according to Jinshi News, AJ Bell investment director Russ Mould said in a report that Bitcoin could rebound above $100,000 following the U.S. announcement of a cryptocurrency strategic reserve. He stated: "The long-awaited confirmation of a U.S. cryptocurrency strategic reserve could help halt the rot in the crypto market and inject fresh momentum into assets like Bitcoin."
Mould said this announcement implies that the U.S. government could "regularly purchase cryptocurrencies," thereby driving up Bitcoin. "Investors will be closely watching for record highs above $100,000," he added.
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