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When Bitcoin was first introduced by Satoshi Nakamoto, there was no price. It literally cost $0.
The price of bitcoin first broke above $100 in April of 2013 and was filmed as it rose to a high of $111. Later that year in December, BTC rose dramatically to hit a new all-time high above $1,000.
Responding to #Bitcoin reaching an ATH of $111 back in 2013 🤯 pic.twitter.com/qkBfdNJyjA
– Bitcoin Magazine (@BitcoinMagazine) February 11, 2024
Four years later, Bitcoin soared to $10,000 and beyond in November during the infamous 2017 bull market.
Our front page looks great right now! 🚀 #Bitcoin pic.twitter.com/ug77yZoPW1
– Bitcoin Magazine (@BitcoinMagazine) November 29, 2017
Now, today we are at a historic moment 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.
CONTINUATION: #BITCOIN HIT $100,000 FIRST TIME!https://t.co/XwdsvLUycN
– Bitcoin Magazine (@BitcoinMagazine) December 5, 2024
The next logical target for Bitcoin is another 10x 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 wins. From here to the races, any price action is possible. And one can only imagine that going from $100,000 to $1,000,000 would be much easier than going from $0 to $100,000.
During this climb to $100,000, Bitcoin solidified itself as a legitimate asset, and everyone who took any reasonable time to research and understand that was buying more.
Every day people around the world have used it for savings, payments, and financial privacy, nations have accepted it as legal tender and enacted legislation supporting Bitcoin, and now Wall Street firms are joining in. For someone who has been around for 7 years in the Bitcoin world, it sounds ridiculous.
Congratulations to all bitcoin owners, old and new, on reaching this milestone. To those who have been traversing bear markets, educating themselves on why Bitcoin is so valuable, accumulating BTC and ignoring the FUD, and onboarding new Bitcoiners – I salute you. You deserve this and all the achievements made on this journey.
This was not easy, you were not lucky. It takes confidence and strength to be able to buy and hold this highly volatile asset for a long time. Enjoy this time with your friends and family, and here is the new era of Bitcoin – speed up to $1,000,000.
This article is a Take it. The views expressed are entirely those of the author and do not reflect those of BTC Inc or Bitcoin Magazine.