Bitcoin suddenly rose, with the price approaching $80,000 per Bitcoin. Expectations Soar: US President-elect Donald Trump May Create “Revolutionary” Bitcoin Strategic Reserve.

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The price of bitcoin is up almost 20% since this time last week, with traders betting on a key milestone before the new year. Smaller cryptocurrencies, including Ethereum, up 30%, dogecoin, up 50%, and cardano, up 70%, also exploded higher.

NOW, as Federal Reserve and China fuel ‘perfect storm’ for bitcoin pricerumors are circulating that a country is quietly buying Bitcoin.

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ForbesLeak Reveals BlackRock Quietly Doubles Its Bitcoin Price As Price Suddenly Climbs Towards $100,000By Billy Bambrough

“There is at least one nation state that has actively acquired Bitcoin and is now among the top five holders,” said David Bailey, Bitcoin’s chief executive. Bitcoin Magazine Bitcoin Inc publisher and advisor to the Trump election campaign on Bitcoin strategy, job to X. “I hope we hear from them soon.”

The top five countries currently holding bitcoins are the United States with just over 200,000 bitcoins, China with almost 200,000, the United Kingdom with 61,000, Ukraine with almost 50,000 bitcoins, Bhutan with around 13,000 and El Salvador with around 5,000.

Most of the countries’ bitcoin holdings come from seizures from criminals, while Ukraine’s bitcoin comes mainly from donations following Russia’s 2022 invasion.

Rumors and speculation that countries are buying Bitcoin have been circulating for years, fueled by El Salvador’s adoption of Bitcoin as legal tender and experiments with Bitcoin mining in the Himalayan kingdom of Bhutan.

Earlier this year, wild speculation swept social media that Qatar bought hundreds of billions of dollars worth of Bitcoin.

Donald Trump’s promise at a July Bitcoin conference in Nashville, Tennessee, hosted by Bailey, to make the United States the “crypto capital of the planet” and create a strategic Bitcoin reserve further fueled sky-high expectations.

U.S. Sen. Cynthia Lummis (R-Wyo.) introduced the Bitcoin Act to Congress in July, calling for the creation of a strategic bitcoin reserve to reduce the growing U.S. national debt, which stands at nearly 36 trillion dollars, by purchasing 1 million bitcoins over five years.

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Forbes‘Cataclysmic collapse’: Tesla billionaire Elon Musk’s radical $35.7 trillion plan to avert ‘financial emergency’ spurs huge bets on Bitcoin priceBy Billy Bambrough

Elsewhere, the US state of Pennsylvania passed a bill last month establishing some regulatory clarity around Bitcoin and crypto, designed to protect people’s right to custody, ensure their ability to use Bitcoin as a means payment and establish guidelines regarding the taxation of Bitcoin transactions.

“I just got a huge phone call,” said Dennis Porter, founder of the Satoshi Action Fund who helped pass the Bitcoin and Crypto bill in Pennsylvania, job to X. “I’m not going to lie…I’m more optimistic today than ever. Huge things are coming.”