The price of bitcoin has tumbled about 12% from a record high reached earlier this week. After topping $108,000 for the first time on Tuesday, the world’s largest cryptocurrency dropped to a price below $93,

A bitcoin strategic reserve would help ensure the U.S. plays a significant role in the cryptocurrency market, which supporters view as a fast-growing part of the global financial system, Nik Bhatia, a professor of finance and business economics at the University of Southern California who studies cryptocurrency, told ABC News.