Bitcoin (BTC) is up 1.2% on Monday, as discussions around Donald Trump making Bitcoin a reserve asset if elected president and Elon Musk's recent posts hint at a potential rally for the largest digital asset.
Trump could use Justice Department's 200,000 BTC as headstart for potential Bitcoin reserve, says analyst. Elon Musk hints at potential Bitcoin endorsement after US dollar value destruction post and laser eyes profile picture. The bearish crowd has remained silent since Bitcoin 's two-week rebound. Bitcoin is up 1.
This coincides with President Joe Biden withdrawing from the upcoming US presidential election race and Tesla and X CEO Elon Musk changing his X profile picture to an image of him with laser eyes. Bitcoin proponents often use laser eyes to express their die-hard support for the largest digital asset. Musk has also been posting about the destruction of the US dollar's value in the past few hours, a typical argument seen among Bitcoin investors.
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