An ally of Donald Trump in the US Senate has a plan for filling up the president-elect’s proposed strategic Bitcoin stockpile without adding to the government deficit: Sell off some of the Federal Reserve’s gold.

The bull run is not only crucial in terms of Bitcoin's valuation but also in its wider impact on the altcoin market.

The crypto industry, an institution founded on the principle of getting the government’s greedy hands off the people’s currency, is booming. The reason? They may have finally convinced the government to get its hands on bitcoin.