Bitcoin (BTC) price plummets 3% to trade at $104,193 as MicroStrategy's Michael Saylor says incoming president Donald Trump is serious about setting up a strategic Bitcoin reserve.

This plunge in the Bitcoin price comes as MicroStrategy co-founder and executive chairman Michael Saylor says that the incoming president, Donald Trump, is serious about setting up a strategic Bitcoin reserve.

The Bitcoin price has plunged 3% in the last 24 hours to trade at $104,193 as of 3:05 a.m. EST on a 12% jump in trading volume to $95 billion.

This plunge in the Bitcoin price comes as MicroStrategy (NASDAQ:MSTR) co-founder and executive chairman Michael Saylor says that the incoming president, Donald Trump, is serious about setting up a strategic Bitcoin reserve.

Saylor added that all the capital outside the US and all the 20th-century antiquated capital is going to flow into digital assets and the Bitcoin network.

“The logical thing for the US is to buy it now and own the future,” he said.

Bitcoin Price Slumps Along The Parabolic CurveBTCUSDT Analysis Source: Tradingview

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