Bitcoin (BTC), the biggest cryptocurrency by market cap, has surpassed the $100,000 stage for the primary time in historical past, in response to CoinGecko knowledge. It’s at the moment altering palms at $102,527.
Bitcoin’s earlier worth milestones
The unique cryptocurrency was just about nugatory following its launch, with the primary identified real-world Bitcoin buy solely happening in Might 2010.
The main cryptocurrency began attracting some mainstream consideration in 2011. On Feb.2, 2011, it hit the $1 worth stage for the primary time. Throughout the identical yr, it skilled a speculative frenzy following the publication of a Gawker article in regards to the notorious Silk Highway darkish net market. After the worth crash, Bitcoin already attracted some naysayers, with The Economist writing it off as a bubble all the best way in October 2011.
Bitcoin skilled its mainstream breakthrough again in 2013, with CNBC reporting in regards to the cryptocurrency breaking above the $100 barrier for the primary time on March 31, 2013.
Inside the identical yr, Bitcoin surged $1,000 on Nov. 27, 2013. Again then, it took the cryptocurrency solely seven days to double its worth.
After enduring a grueling bear market, Bitcoin got here again with a bang in 2017, hitting $10,000 for the primary time on Nov. 29, 2017.
Now, Nov. 22 has develop into yet one more historic day for the biggest cryptocurrency.
Sky-high worth predictions
As reported by U.Immediately, Galaxy Digital CEO Mike Novogratz doesn’t count on Bitcoin to cease on the $100,000 mark, predicting “a lot larger” costs on account of a number of bullish catalysts.
Fundstrat’s Tom Lee sees Bitcoin reaching $150,000 as early as this yr.
Earlier this month, former BitMEX CEO Arthur Hayes predicted that Bitcoin would possibly surge to as excessive as $1 million on account of huge stimulus spending within the U.S.