People have been saying it was imminent since 2021, but three years later it’s finally happened: Bitcoin has passed the $100,000 mark.
Bitcoin (specifically 1 BTC) became worth $100,000 late on Wednesday night EST, pumping to just shy of $104,000 in the hours after, per CoinGecko.
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The biggest cryptocurrency in the world has been jumping sharply in price since the U.S. election result in early November, breaking new all-time highs after Donald Trump was re-elected president. A month ago that all-time high was just over $75,000 — now, in the space of just a few weeks, it’s $25,000 higher.
So the question is, where does Bitcoin go from here? The short, and really the only, answer, is that it’s impossible to say. Back in the cryptocurrency bull market of 2021, there were all sorts of predictions that Bitcoin hitting $100k could be imminent. What happened instead was a bear market that resulted in Bitcoin dumping back down below $17,000 before starting a long and slow recovery in 2023.
Topics
Bitcoin
Cryptocurrency
