Investing.com-- Bitcoin rose to a record high on Monday as investors looked to the prospect of a Strategic Reserve under incoming President Donald Trump, while MicroStrategy’s addition to the Nasdaq 100 also spurred optimism. The world’s biggest cryptocurrency reversed a weekend rout and pushed further above the $100,000 level, after Trump once again floated the idea of a Bitcoin reserve. Sentiment was also boosted by MicroStrategy Incorporated (NASDAQ:MSTR) being added to the Nasdaq 100 index- a move that could draw even more capital into the world’s biggest corporate Bitcoin holder.Bitcoin rose over 3% to a record high of $106,569.4, and traded at $104,977.1 by 00:47 ET (05:47 GMT). On-chain data showed a flurry of transactions by major crypto holders, called whales, to move Bitcoin off major exchanges. Such a move usually limits the crypto’s supply in open markets, prompting further price gains. Trump floats idea of Bitcoin Strategic ReserveTrump told CNBC in an interview last week that he potentially planned to build a crypto reserve similar to the Strategic Petroleum Reserve.The President-elect reiterated his plans to make the U.S. a global crypto leader, claiming that other countries, including China, were embracing the technology.Trump had campaigned on promises of friendlier crypto regulations, with his picks for key cabinet and regulatory roles also harboring pro-crypto sentiments.But analysts have questioned just how far his plans for a Bitcoin reserve will go, considering that any government purchases of the crypto will likely need to be funded by increased fiscal spending.