Bitcoin’s (BTC) price hit $100,000 at 02:38 am (GMT) and is currently the seventh largest asset in the world with a market cap of over $2 trillion. This puts it ahead of the likes of silver, tech conglomerate Meta, and Elon Musk’s Tesla — a huge achievement for the currency that once upon a time, struggled to cross the $1,000 threshold.
Needless to say, many crypto proponents are celebrating the occasion. MicroStrategy chief Michael Saylor, who’s built a career selling shares of his company to buy ridiculous amounts of BTC, announced, “There is going to be a 100K Party. 🚀”
Coinbase CEO Brian Armstrong also marked the milestone, claiming that if someone had bought $100 worth of BTC in June 2012 and held on, it would be worth $1.5 million today. On the flip side, he pointed out, $100 in USD would have dropped in price by $27.
$100 worth of bitcoin bought in June 2012 would be worth $1.5 million today.
Podcaster and Bitcoin supporter Peter McCormack was particularly happy after his $20,000 bet that BTC’s price would hit $100,000 this year proved to be correct. He was so happy, in fact, he’s proposed a new bet that BTC will reach $1 million by 2030.
Following BTC’s landmark surge, people have been dunking on famed financial analyst Peter Schiff, who said in 2019 that it would never reach $100,000.
Another huge prediction from that same year came from the late John McAfee, who said, “If bitcoin breaks $100K, you can bet it will break a million.”
McAfee also bet that BTC would hit $500,000 by 2020 and claimed that if it didn’t, he would “eat his own dick” on live TV.
Elsewhere, Isaac Miller, who filmed himself 11 years ago watching BTC’s price break $100, recreated the video today.
Read more: Bitcoin bet made on ‘pussy terms’ is about to make both parties bank
BTC’s price has been steadily increasing since February, picking up speed in November. Previous bull runs took place in 2013, 2017, 2020, and 2021. BTC is now priced at $102,444, and the Bitcoin Fear and Greed Index stands at 84, indicating “Extreme Greed.”
