Bitcoin’s (BTC) worth hit $100,000 at 02:38 am (GMT) and is at present the seventh largest asset on the planet with a market cap of over $2 trillion. This places it forward of the likes of silver, tech conglomerate Meta, and Elon Musk’s Tesla — an enormous achievement for the forex that when upon a time, struggled to cross the $1,000 threshold.
For sure, many crypto proponents are celebrating the event. MicroStrategy chief Michael Saylor, who’s constructed a profession promoting shares of his firm to purchase ridiculous quantities of BTC, introduced, “There is going to be a 100K Party. 🚀”
Coinbase CEO Brian Armstrong additionally marked the milestone, claiming that if somebody had purchased $100 value of BTC in June 2012 and held on, it could be value $1.5 million as we speak. On the flip aspect, he identified, $100 in USD would have dropped in worth by $27.
$100 value of bitcoin purchased in June 2012 can be value $1.5 million as we speak.
Podcaster and Bitcoin supporter Peter McCormack was notably joyful after his $20,000 wager that BTC’s worth would hit $100,000 this yr proved to be appropriate. He was so joyful, in truth, he’s proposed a brand new wager that BTC will attain $1 million by 2030.
One other enormous prediction from that very same yr got here from the late John McAfee, who stated, “If bitcoin breaks $100K, you can bet it will break a million.”
McAfee additionally wager that BTC would hit $500,000 by 2020 and claimed that if it didn’t, he would “eat his own dick” on stay TV.
Elsewhere, Isaac Miller, who filmed himself 11 years in the past watching BTC’s worth break $100, recreated the video as we speak.
BTC’s worth has been steadily growing since February, selecting up pace in November. Earlier bull runs passed off in 2013, 2017, 2020, and 2021. BTC is now priced at $102,444, and the Bitcoin Worry and Greed Index stands at 84, indicating “Extreme Greed.”