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When Bitcoin was first launched by Satoshi Nakamoto, there was no value. It was actually price $0.
The worth 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 yr in December, BTC rose dramatically larger 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 in the course of the notorious bull market of 2017.
Our entrance web page is wanting fairly candy proper about now! 🚀 #Bitcoin pic.twitter.com/ug77yZoPW1
— Bitcoin Journal (@BitcoinMagazine) November 29, 2017
Now, in the present day we’re at a historic time in historical past. December 4, 2024, will eternally 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 not a query of if Bitcoin will obtain this, however when. In relation to Bitcoin as a retailer of worth, it has gained. It’s off to the races from right here, any value motion is now doable. And one can solely assume that going from $100,000 to $1,000,000 goes to be quite a bit simpler than going from $0 to $100,000.
Throughout this rise to $100,000, Bitcoin has cemented itself as a legit asset, and everybody who has taken any significant period of time to analysis and perceive it’s shopping for extra.
On a regular basis individuals all over the world 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 Road companies 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, previous and new, on attaining this milestone. For many who have been HODLing by the bear markets, educating themselves on why Bitcoin is so essential, accumulating BTC and ignoring the FUD, and onboarding new Bitcoiners — I salute you. You deserve this and all of the beneficial properties 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. Get pleasure from this second together with your family and friends, and right here’s to a brand new period of Bitcoin — the grind in the direction of $1,000,000.
This text is a Take. Opinions expressed are totally the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
