Trump’s Tease Prompts Bitcoin Price Surge Over $100,000

Washington, D.C. — Bitcoin’s price briefly surpassed $100,000 for the first time on May 8, 2025, as rumors surrounding a major announcement by former President Donald Trump triggered a surge in crypto speculation.

The cryptocurrency’s value has risen approximately 30% since February, driven by a combination of market momentum and expectations around Trump’s upcoming declaration. During an Oval Office meeting with Canadian Prime Minister Mark Carney, Trump hinted at a “truly earth-shattering” announcement that many believe could relate to bitcoin.

“Crypto holders, be ready,” tweeted one trader on X, echoing the excitement generated by Trump’s remarks. The former president stated, “We’re going to have a very, very big announcement to make, like as big as it gets… It is really, really positive.” Trump noted that the announcement is not about trade, leading to increased speculation about its content.

Next week, Trump is set to travel to Saudi Arabia, Qatar, and the United Arab Emirates, where he may officially rename the Persian Gulf to the Arabian Gulf. However, his previous comments about creating a U.S. bitcoin strategic reserve have already stirred reactions in financial markets.

James Toledano, COO of Unity Wallet, explained, “Some of the worst fears around the Trump administration’s tariffs seem to be calming down, which has had a positive impact on markets generally.” The previous surge in bitcoin can be traced back to Trump’s election victory in 2024, following an announcement that the U.S. would establish a bitcoin reserve, further boosting cryptocurrency prices.

As the market anticipates Trump’s next moves, investors are closely monitoring the situation, looking for signs of regulatory changes and institutional adoption that could further influence bitcoin’s trajectory.