Crypto Celebrates ‘Early Christmas’ with Bitcoin at $100K
The post Crypto Celebrates ‘Early Christmas’ with Bitcoin at $100K appeared on BitcoinEthereumNews.com.
A month after Donald Trump’s victory in the U.S. elections, Bitcoin (BTC) has crossed the much-anticipated $100K mark, briefly touching $103,000. The crypto community is celebrating this ‘Early Christmas,’ and industry veterans have weighed in with their insights. Coinbase CEO Brian Armstrong highlighted Bitcoin’s remarkable performance over the past decade, calling it the best-performing asset of the last 12 years. Crypto Industry Reactions on Bitcoin crossing 100K Armstrong took to X (formerly Twitter) to celebrate “Happy Bitcoin $100K Day.” He noted, “If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000. If you kept the $100 USD, you’d only be able to purchase about $73 worth of goods today. Bitcoin is the best-performing asset of the last 12 years, and it’s still early days.” He also urged governments to create a Bitcoin strategic reserve, especially for hedging against inflation. If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000. If you kept the $100 USD you’d only be able to purchase about $73 worth of goods today. Bitcoin is the best performing asset of the last 12 years, and it’s still early… pic.twitter.com/dvBgX5K7or — Brian Armstrong (@brian_armstrong) December 5, 2024 Jay Jacobs, BlackRock’s U.S. head of thematic and active ETFs, emphasized the growing institutional interest. He noted that BlackRock’s Bitcoin ETF (IBIT) has grown to over $45 billion since its launch in January, with $4.1 billion added in the past month alone. Jacobs attributed the surge to both Trump’s election victory and the increasing perception of Bitcoin as a hedge against geopolitical risks and currency depreciation. Not just this, #Bitcoin100K and #BTC100K have been trending on X since this morning. Bitcoin at $102,000: Market ImpactCurrently trading at $102,616 after a…
Filed under: News - @ December 5, 2024 5:19 am