Trump expected to launch Bitcoin reserve, as the cryptocurrency nears $100,000,

The popular digital currency Bitcoin is expected to break $100,000 as President-elect Donald Trump plans to establish a reserve dedicated to the cryptocurrency. 

When Trump was on the campaign trail, he promised he would develop a council that would be friendly to Bitcoin. 

"It's being fleshed out, but I anticipate the leading executives from America's bitcoin and crypto firms to be represented," said David Bailey, CEO of Bitcoin Magazine said, according to Reuters.

He also said people are ready to advise and give input as Bitcoin becomes more prevalent. 

The incoming Trump administration is also reportedly looking for a crypto "czar" and is vetting candidates. 

Former Commodity Futures Trading Commission Chairman Heath Tarbert has been involved in advising the Trump team on Bitcoin.