Gamble on Bitcoin bet bid to reduce national debt

Bitcoin prices have been rocketing in recent days, hitting $93,000 early on Thursday morning and then remaining above $90,000. Market analysts attribute the rapid rise in Bitcoin prices to a continued rate cut made by the US Federal Reserve in November, a number of pro-cryptocurrency measures promised by the Republican Party during the presidential campaign, and other factors. According to US media, Senator Cynthia Lummis, a Republican from Wyoming, plans to push a bill when the new Congress takes office next year to sell some of the Fed's gold to create a strategic Bitcoin reserve.

However, Bitcoin prices are influenced by a variety of factors, including supply and demand patterns, the macroeconomy and market sentiment. The Republican Party promised during the election campaign to include Bitcoin in national reserves, to make the United States the "cryptocurrency capital" of the world, and to appoint regulators interested in digital assets, driving the increase in Bitcoin demand.

The stabilizing global economic growth trend, mitigated inflationary pressures and interest rate cuts made by major central banks across the world have also brought more liquidity to the market. In addition, the optimistic market sentiment is also driving the rise in Bitcoin prices.