When Satoshi Nakamoto first launched Bitcoin, there was no price. It was literally worth $0.
The price of Bitcoin surpassed $100 for the first time in April 2013 and was captured on film as it rose to an all-time high of $111. Later that year in December, Bitcoin skyrocketed to reach a new all-time high of over $1,000.
Reply to #Bitcoin Reaching an ATH of $111 in 2013 🤯 pic.twitter.com/qkBfdNJyjA
— Bitcoin Magazine (@BitcoinMagazine) February 11, 2024
Four years later, Bitcoin rose to $10,000 and beyond in November during the infamous 2017 bull market.
Our front page looks so beautiful now! 🚀 #Bitcoin pic.twitter.com/ug77yZoPW1
— Bitcoin Magazine (@BitcoinMagazine) November 29, 2017
Now, today we are at a historic time 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.
break: #Bitcoin Reaches $100,000 for the first time ever!https://t.co/XwdsvLUycN
— Bitcoin Magazine (@BitcoinMagazine) December 5, 2024
The next logical target for Bitcoin is another 10x – $1,000,000.
The question now is no longer if Bitcoin will achieve this, but when. When it comes to Bitcoin as a store of value, it has won. We are off to the races from here, any price action is now possible. 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 surge to $100,000, Bitcoin cemented itself as a legitimate asset, and everyone who devoted a significant amount of time to researching and understanding it bought 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 are joining in. 7 years in the Bitcoin world, it seems unreal.
Congratulations to all Bitcoin holders, old and new, for achieving this milestone. For those who have been navigating bear markets, educating themselves on why Bitcoin is important, accumulating BTC, ignoring FUD, and joining new Bitcoiners – I salute you. You deserve this and all the gains made on this journey.
This wasn’t easy, and no luck. It takes conviction and strength to be able to buy and hold these highly volatile assets for the long term. Enjoy this moment with your friends and family, here’s to a new era of Bitcoin – grinding towards $1,000,000.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
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