Bitcoin’s (BTC) price hit $100,000 at 02:38 am (GMT) and is at present the seventh largest asset on this 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 after upon a time, struggled to cross the $1,000 threshold.
Evidently, 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 price of BTC in June 2012 and held on, it could be price $1.5 million right now. On the flip facet, he identified, $100 in USD would have dropped in price by $27.
Podcaster and Bitcoin supporter Peter McCormack was notably comfortable after his $20,000 wager that BTC’s price would hit $100,000 this 12 months proved to be appropriate. He was so comfortable, the truth is, he’s proposed a brand new wager that BTC will attain $1 million by 2030.
Following BTC’s landmark surge, folks have been dunking on famed monetary analyst Peter Schiff, who mentioned in 2019 that it could by no means attain $100,000.
One other big prediction from that very same 12 months got here from the late John McAfee, who mentioned, “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 reside TV.
Elsewhere, Isaac Miller, who filmed himself 11 years in the past watching BTC’s price break $100, recreated the video right now.
Learn extra: Bitcoin wager made on ‘pussy terms’ is about to make each events financial institution
BTC’s price has been steadily growing since February, choosing up velocity in November. Earlier bull runs occurred 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.”
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