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When Satoshi Nakamoto first launched bitcoin, there was no price. It was literally worth $0.
The price of bitcoin first surpassed $100 in April 2013 and was captured on film when it reached an all-time high of $111. Later that year, in December, btc rose dramatically reaching a new all-time high of over $1,000.
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reacting to <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin reaching an ATH of $111 in 2013 pic.twitter.com/qkBfdNJyjA
– bitcoin Magazine (@BitcoinMagazine) <a target="_blank" href="https://twitter.com/BitcoinMagazine/status/1756702752061665509?ref_src=twsrc%5Etfw”>February 11, 2024
Four years later, bitcoin rose to $10,000 and more in November during the infamous 2017 bull market.
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Our cover looks great right now! <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin pic.twitter.com/ug77yZoPW1
– bitcoin Magazine (@BitcoinMagazine) <a target="_blank" href="https://twitter.com/BitcoinMagazine/status/935690182560448514?ref_src=twsrc%5Etfw”>November 29, 2017
Now, today we find ourselves in a historic moment in history. December 4, 2024 will forever go down in history as the day the price of bitcoin exceeded $100,000 for the first time.
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RIP: <a target="_blank" href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin REACH $100,000 FOR THE FIRST TIME!https://t.co/XwdsvLUycN
– bitcoin Magazine (@BitcoinMagazine) <a target="_blank" href="https://twitter.com/BitcoinMagazine/status/1864498414500659433?ref_src=twsrc%5Etfw”>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 has won. From here everything starts to work, any price action is now possible. And one can only assume that going from $100,000 to $1,000,000 will be much easier than going from 0 to $100,000.
During this rise to $100,000, bitcoin has established itself as a legitimate asset, and everyone who has taken a significant amount of time to research and understand it is buying more of it.
Every day, people around the world have adopted it for savings, payments, and financial privacy, nation states have adopted it as legal tender and are passing very pro-bitcoin legislation, and now Wall Street firms are uniting For someone who has been around for 7 years in the bitcoin world, it feels surreal.
Congratulations to all bitcoin holders, old and new, for achieving this milestone. For those who have been HODLing in bear markets, educating themselves on why bitcoin is so important, accumulating btc and ignoring FUD and onboarding new Bitcoiners, I salute you. You deserve this and all the achievements that have been made on this journey.
This wasn't easy, you weren't lucky. It takes conviction and strength to be able to buy and hold this extremely volatile asset for the long term. Enjoy this moment with your friends and family, and here is a new era of bitcoin: the fight to reach a million dollars.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
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