When Bitcoin was first launched by Satoshi Nakamoto, there was no price. It was literally worth $0.
The price of bitcoin first broke above $100 in April 2013 and was captured on film as it rose to an all-time high of $111. Later that year, in December, BTC surged dramatically higher, hitting a new all-time high above $1,000.
Respond 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 more in November during the infamous bull market of 2017.
Our front page is looking pretty sweet right now! 🚀 #Bitcoin pic.twitter.com/ug77yZoPW1
— Bitcoin Magazine (@BitcoinMagazine) November 29, 2017
Now today we are in a historic time in history. December 4, 2024 will forever be remembered as the day the price of Bitcoin rose above $100,000 for the first time.
BREAKING: #BITCOIN $100,000 FOR THE FIRST TIME EVER!https://t.co/XwdsvLUycN
— Bitcoin Magazine (@BitcoinMagazine) December 5, 2024
The next logical target for Bitcoin is ten times further away: $1,000,000.
It is now no longer a question of if Bitcoin will achieve this, but when. When it comes to Bitcoin as a store of value, it has won. From here it’s off to the races, every price action is now possible. And you can only assume that going from $100,000 to $1,000,000 will be a lot easier than going from $0 to $100,000.
During this rise to $100,000, Bitcoin has cemented itself as a legitimate asset, and anyone who has spent some time researching and understanding it is buying more.
Everyday people around the world have adopted it for savings, payments and financial privacy, nation states have adopted it as legal tender and passed very pro-Bitcoin legislation, and now Wall Street companies are getting in on the action. 7 years in the Bitcoin world feels surreal.
Congratulations to all bitcoin holders, old and new, on reaching this milestone. For those who have battled through the bear markets, educated themselves on why Bitcoin is so important, accumulated BTC and ignored the FUD, and introduced new Bitcoiners, I salute you. You deserve this and all the profits made on this journey.
This wasn’t easy, you weren’t lucky. It takes conviction and strength to buy and hold this highly volatile asset for the long term. Enjoy this moment with your friends and family, and on to a new Bitcoin era: the battle towards $1,000,000.
This article is a To take. The opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.