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Bitcoin’s ($BTC) price hit $100,000 at 02:38 am (GMT) and is currently the seventh largest asset in the world with a market cap of over $2 trillion. This puts it ahead of the likes of silver, tech conglomerate Meta, and Elon Musk’s Tesla — a huge achievement for the currency that once upon a time, struggled to cross the $1,000 threshold.
Needless to say, many crypto proponents are celebrating the occasion. MicroStrategy chief Michael Saylor, who’s built a career selling shares of his company to buy ridiculous amounts of $BTC, announced, “There is going to be a 100K Party. 🚀”
Coinbase CEO Brian Armstrong also marked the milestone, claiming that if someone had bought $100 worth of $BTC in June 2012 and held on, it would be worth $1.5 million today. On the flip side, he pointed out, $100 in USD would have dropped in price by $27.
Podcaster and Bitcoin supporter Peter McCormack was particularly happy after his $20,000 bet that $BTC’s price would hit $100,000 this year proved to be correct. He was so happy, in fact, he’s proposed a new bet that $BTC will reach $1 million by 2030.
Following $BTC’s landmark surge, people have been dunking on famed financial analyst Peter Schiff, who said in 2019 that it would never reach $100,000.
Another huge prediction from that same year came from the late John McAfee, who said, “If bitcoin breaks $100K, you can bet it will break a million.”
McAfee also bet that $BTC would hit $500,000 by 2020 and claimed that if it didn’t, he would “eat his own dick” on live TV.
Elsewhere, Isaac Miller, who filmed himself 11 years ago watching $BTC’s price break $100, recreated the video today.
Read more: Bitcoin bet made on ‘pussy terms’ is about to make both parties bank
$BTC’s price has been steadily increasing since February, picking up speed in November. Previous bull runs took place in 2013, 2017, 2020, and 2021. $BTC is now priced at $102,444, and the Bitcoin Fear and Greed Index stands at 84, indicating “Extreme Greed.”