Bitcoin hits new record high

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Bitcoin hits new record high

 
Bitcoin prices are displayed at the Bithumb Lounge in Seocho District, southern Seoul, on Dec. 17. [YONHAP]

Bitcoin prices are displayed at the Bithumb Lounge in Seocho District, southern Seoul, on Dec. 17. [YONHAP]

 
Bitcoin prices are displayed at the Bithumb Lounge in Seocho District, southern Seoul, on Dec. 17.
 
The cryptocurrency surged to a new record high on Dec. 16, rising above $107,850. U.S. president-elect Donald Trump recently reiterated plans to create a national strategic reserve of the token, though he has not outlined specific mechanisms by which the government would accumulate such a stockpile.
 
 
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