When Bitcoin was first launched by Satoshi Nakamoto, there was no value. It was actually price $0.
The value of bitcoin first broke over $100 in April of 2013 and was captured on movie because it rose to an all time excessive of $111. Later that 12 months in December, BTC rose dramatically greater hitting a brand new all time excessive over $1,000.
Reacting to #Bitcoin reaching an ATH of $111 again in 2013 🤯 pic.twitter.com/qkBfdNJyjA
— Bitcoin Journal (@BitcoinMagazine) February 11, 2024
4 years later, Bitcoin rose to $10,000 and past in November throughout the notorious bull market of 2017.
Our entrance web page is trying fairly candy proper about now! 🚀 #Bitcoin pic.twitter.com/ug77yZoPW1
— Bitcoin Journal (@BitcoinMagazine) November 29, 2017
Now, at present we’re at a historic time in historical past. December 4, 2024, will ceaselessly go down in historical past because the day the worth of bitcoin rose above $100,000 for the primary time.
BREAKING: #BITCOIN HITS $100,000 FOR FIRST TIME EVER!https://t.co/XwdsvLUycN
— Bitcoin Journal (@BitcoinMagazine) December 5, 2024
The subsequent logical goal for Bitcoin is one other 10x away — $1,000,000.
It’s now now not a query of if Bitcoin will obtain this, however when. In terms of Bitcoin as a retailer of worth, it has received. It’s off to the races from right here, any value motion is now potential. And one can solely assume that going from $100,000 to $1,000,000 goes to be rather a lot simpler than going from $0 to $100,000.
Throughout this rise to $100,000, Bitcoin has cemented itself as a reputable asset, and everybody who has taken any significant period of time to analysis and perceive it’s shopping for extra.
On a regular basis folks around the globe have adopted it for financial savings, funds, and monetary privateness, nation states have adopted it as authorized tender and are passing very pro-Bitcoin laws, and now Wall Avenue corporations are becoming a member of in. For somebody who has been round for 7 years within the Bitcoin world, it feels unreal.
Congratulations to all of the bitcoin holders, outdated and new, on reaching this milestone. For many who have been HODLing by the bear markets, educating themselves on why Bitcoin is so vital, accumulating BTC and ignoring the FUD, and onboarding new Bitcoiners — I salute you. You deserve this and all of the positive aspects which were made on this journey.
This was not straightforward, you didn’t get fortunate. It takes conviction and energy to have the ability to purchase and maintain this extraordinarily risky asset long run. Take pleasure in this second along with your family and friends, and right here’s to a brand new period of Bitcoin — the grind in direction of $1,000,000.
This text is a Take. Opinions expressed are fully the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.