Strategist: Bitcoin reaching a historical high opens up room for further upward movement

News on January 20, according to CNBC, Trump's issuance of the Meme coin TRUMP highlights his support for cryptocurrencies and indicates that he believes Americans should have the freedom to participate in this emerging asset class. There is a logic here that giving official recognition to what might be considered the wildest crypto asset, Meme coin, is the best way to convey the US government's support for embracing cryptocurrencies and making America a major player in this field.

On Monday, investors will focus on Trump's inauguration ceremony and executive orders related to cryptocurrency. Kruger added that Bitcoin's new record has potentially opened the door for an increase up to $130,000.