The price of Bitcoin has surged, approaching $80,000 per bitcoin, amid speculation that a country has been acquiring Bitcoin and is now a top five holder. Rumors of countries buying Bitcoin have circulated for years, bolstered by El Salvador's adoption of Bitcoin as legal tender and experiments with Bitcoin mining in Bhutan. Speculation has also been fueled by Donald Trump's promise to create a Bitcoin strategic reserve and make the US the "crypto capital of the planet." U.S. senator Cynthia Lummis has introduced The Bitcoin Act to Congress, proposing the creation of a strategic Bitcoin reserve to reduce national debt. Additionally, the state of Pennsylvania has passed a bill to provide regulatory clarity for Bitcoin and crypto. Overall, these developments have contributed to a surge in the price of Bitcoin and other cryptocurrencies.



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