Bitcoin Soars Past $100,000 and Sparks a Frenzy

This milestone has been a very long time coming—15 years, to be actual—ever for the reason that mysterious Satoshi Nakamoto created the unique cryptocurrency.

As quickly because the information dropped, the social media platform X lit up with reactions from all corners of the crypto world.

Coinbase

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CEO Brian Armstrong joined the celebration, wishing “Completely satisfied Bitcoin $100,000 Day!” and reminding everybody why Bitcoin has been the best-performing asset for the previous 12 years.

Michael Saylor, the MicroStrategy boss who’s been a Bitcoin supporter, promised a full-blown $100K social gathering. He has at all times been loud and proud about Bitcoin, particularly for companies.

Others within the crypto neighborhood are already wanting forward. Julian Fahrer, co-founder of Apollo, predicted, “NEXT STOP: $1 MILLION BITCOIN”, even sharing a meme of Bitcoin as a grim reaper knocking on the “$1 million” door.

Even politicians bought in on the enjoyable. Senator Cynthia Lummis, who pitched the thought of a nationwide Bitcoin reserve, cheered on the milestone with the Journey’s lyrics: “Don’t cease ₿elieving”.

And, after all, celebrities couldn’t resist chiming in. Paris Hilton stored it brief, saying, “Subsequent cease $111,111 🚀✨”. She’s clearly on board for the experience.

Nonetheless, not everybody was throwing confetti. Peter Schiff, who has been in opposition to Bitcoin, didn’t maintain again. He claimed the value solely hit $100,000 due to political favors and authorities meddling, saying, “What couldn’t be performed in a free market was achieved by means of the cohesive energy of the state”.

Schiff additionally mentioned that Bitcoin would by no means hit $100,000 again in 2019. However, now that it truly occurred, Binance

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’s ex-CEO, Changpeng “CZ” Zhao, shut that down with a handy guide a rough comeback: “Don’t dream. Preserve constructing!”.

One of many funniest posts got here from one X person, Greg, who wrote, “December 4, 2024. Pricey Diary, in the present day Bitcoin hit $100,000. Love, greg”. It was brief, candy, and relatable.

Bitcoin’s $100K milestone isn’t the one factor making waves. Only in the near past, the crypto neighborhood reacted to Gary Gensler’s exit from the SEC. What did they need to say? Learn the complete story.