Bitcoin and other cryptocurrencies have shot up in value after Donald Trump said he wanted to make them an official part of governent policy. It comes after a dismal slump for crypto following the US election,

While it’s not known exactly what form such a strategic reserve would take, nor whether the government would seek to buy crypto for the stockpile with taxpayer dollars — a move that would theoretically require approval from Congress — blockchain enthusiasts cheered the news.

Trump named five cryptocurrencies he wanted in a potential national reserve so the US could become "the Crypto Capital of the World".