‘Big Things are Coming’ – Bitcoin Suddenly Explodes as Secret ‘Nation State’ Adoption Mystery Rumors Fuel a Crypto Price Surge

Bitcoin has suddenly surged higher, with the price moving within reach of $80,000 per bitcoin as expectations rise. A newly elected US president, Donald Trump, could create a ‘game-changing’ strategic bitcoin reserve.

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The bitcoin price has risen almost 20% since last week, with traders betting on a major milestone before the new year. Smaller cryptocurrencies – including ethereum, up 30%, dogecoin, up 50%, and cardano, up 70% – have also exploded.

With the Federal Reserve and China creating a ‘perfect storm’ for the bitcoin price, rumors are swirling that a country has been quietly buying up bitcoin.

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“There is at least one nation state that has actively acquired bitcoin and is now a top five holder,” said David Bailey, the CEO of Bitcoin Magazine publisher Bitcoin Inc and advisor to the Trump election campaign on bitcoin strategy, posted on X. “Hopefully we hear from them soon.”

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

Earlier this year, social media speculated that Qatar had purchased hundreds of billions of dollars worth of Bitcoin.

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

U.S. Senator Cynthia Lummis (R-Wyo.) introduced the Bitcoin Act to Congress in July and called for the creation of a strategic bitcoin reserve to reduce the spiraling U.S. national debt of nearly $36 trillion by 1 million over five years to buy bitcoin.

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Elsewhere, the US state of Pennsylvania last month passed a bill that brings some regulatory clarity around bitcoin and crypto, designed to protect people’s right to self-determination, guarantee their ability to use bitcoin as payment and set guidelines around taxing bitcoin transactions.

“I just got a huge phone call,” Dennis Porter, founder of the Satoshi Action Fund that helped get the bitcoin and crypto bill passed in Pennsylvania, wrote to Big things are coming.”