Bitcoin Officially Hits $100,000 For The First Time Ever

Bitcoin Officially Hits $100,000 For The First Time Ever

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When Bitcoin was first launched by Satoshi Nakamoto, there was no price. It was literally worth $0.

The price of bitcoin first surpassed $100 in April 2013 and was filmed reaching an all-time high of $111. In the same year, in December, BTC increased significantly, reaching a new all-time high above $1,000.

Four years later, in November, during the infamous 2017 bull market, Bitcoin rose to $10,000 and above.

Now, today we find ourselves in a historic moment in history. December 4, 2024 will forever go down in history as the day the price of bitcoin rose above $100,000 for the first time.

The next logical target for Bitcoin is 10x away: $1,000,000.

Now the question is no longer whether Bitcoin will achieve this goal, but when. When it comes to Bitcoin as a store of value, it wins. From here on we go, any price action is now possible. And one can only assume that going from $100,000 to $1,000,000 will be much easier than going from $0 to $100,000.

During this rise to $100,000, Bitcoin has solidified itself as a legitimate asset, and anyone who has put a significant amount of time into researching and understanding it is buying more.

Every day people around the world have adopted it for savings, payments and financial privacy, nation states have adopted it as legal tender and are passing very pro-Bitcoin legislation, and now Wall Street firms they are coming together. For someone who has been around for 7 years in the Bitcoin world, it seems unreal.

Congratulations to all bitcoin holders, old and new, on reaching this milestone. For those who have HODLed through bear markets, educating themselves on why Bitcoin is so important, accumulating BTC and ignoring FUD, and bringing in new Bitcoiners: I salute you. You deserve this and all the gains that have been made on this journey.

It wasn’t easy, you weren’t lucky. It takes conviction and strength to be able to buy and hold this extremely volatile asset for the long term. Enjoy this moment with your friends and family, and here begins a new era of Bitcoin: the race to $1,000,000.

This article is a Take. The opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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