History has been made with Bitcoin crossing $100k earlier today. Following Bitcoin reaching the highly anticipated mark, Anthony Scaramucci, the hedge-fund manager who experienced a brief tenure in the Trump administration, jokes that he owes his former boss a gesture of gratitude.
When asked about the rise in Bitcoin prices after Trump’s re-election, he joked, “I probably have to buy Donald Trump a Christmas present.” He used to call Trump a friend but now sees him as a danger to the country, “Like a McDonald’s gift card.”
Scaramucci, like many of the investors who persevered with BTC through its ups and downs, scandals, and scams, is now enjoying great profits. The original crypto hit a six-figure price on Wednesday.
This is not only a 199,999,900% increase from its 5-cent price 15 years ago, but it’s also proof that people who held on to the idea were right. People no longer think of this mysterious internet money as little more than a toy for criminals and outsiders.
With support from the next president and exchange-traded funds that hold $108 billion that are directly linked to the digital currency, BTC has crossed the line into something that looks like legitimacy.
Congratulations are in order from Bitcoin bulls
Donald Trump congratulated the Bitcoiners after hitting the 100k mark. He added, “You are welcome! Together, we make America great again!” This commentary shows that Trump knows the impact he made in getting involved with Bitcoin.
Brian Armstrong of Coinbase wrote, “Bitcoin is the best-performing asset of the last 12 years, and it’s still in its early days. Happy Bitcoin $100k day.” Trump’s right-hand man, Elon Musk, also joined the celebration by tweaking the like button on X.
When the milestone level approached, the head of SkyBridge Capital remarked, “Bitcoin worth $100,000?” In a recent interview, he added, “I feel validated.”
Changpeng Zhao answered the people who congratulated him on making money from Bitcoin. He wrote, “No, not exactly. I still have the same number of Bitcoins. It’s just that everything else became a little cheaper relative to Bitcoin.”
On the other hand, Peter Schiff is still on anti-crypto. He wrote on X, “It’s ironic that Bitcoin only hit $100k by buying off politicians and getting in bed with the government. Without expected government intervention, this milestone never would have been hit. What couldn’t be done in a free market was achieved through the cohesive power of the state.”
Bitcoin enthusiasts explain what it means for Bitcoin to hit the $100,000 mark
Mike Novogratz, founder and CEO of Galaxy, is one of the industry leaders who has consistently predicted that BTC will surpass $100,000.
He said, “We are seeing a paradigm shift […] Bitcoin and the whole ecosystem of digital assets are on a brink of entering the mainstream of finance after four years of political purgatory.”
Novogratz also said, “Over the long term, I’m bullish. It won’t be a straight lineup, and investors should always consider taking gains off the table. But, with a pro-crypto administration about to take charge in the U.S., it’ll be hard for the rest of the world not to take notice.”
In addition, Yi He, co-founder of Binance, the world’s largest crypto exchange, said as the $100,000 milestone approached“The significance of Bitcoin’s price breaking through the $100,000 milestone lies in providing the public with a powerful memory point, showing that those unbelievable things are really happening.”
She added, “The small, persistent efforts accumulated day-by-day over the past decade by members of the crypto community will ultimately converge into this historic scene.”
Although a healthy skepticism toward digital assets persists in numerous sections of Wall Street, the view has become costly due to the persistent returns and resilience of BTC, as well as an abrupt, drastic reversal in the outlook for regulatory risks in the crypto industry.
Rick Wurster, the prospective CEO of Charles Schwab Corp., has stated that the company intends to provide spot crypto trading once US regulations are simplified, which he anticipates will occur during the upcoming administration.
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