Bitcoin has reached an incredible milestone, surpassing the $100,000 mark for the first time in its history. According to data from CryptoSlate, the top digital asset peaked at $103,465.81 on Dec. 5, marking a significant achievement in its journey.
This surge has propelled Bitcoin’s market capitalization beyond $2 trillion, a momentous occasion that highlights the growing importance of cryptocurrency in the global financial landscape. The total crypto market cap also soared to a record $3.6 trillion, showcasing the explosive growth of the sector.
The crypto community has reacted with widespread celebrations to this milestone. US President-elect Donald Trump even joined in, congratulating Bitcoin holders and attributing the achievement to his administration’s pro-crypto policies. He expressed his excitement by stating, “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!!”
Gemini exchange co-founder Tyler Winklevoss compared this milestone to historical events like the moon landing or the fall of the Berlin Wall, emphasizing its significance. Coinbase CEO Brian Armstrong highlighted Bitcoin’s remarkable performance, noting that an investment of $100 in Bitcoin in 2012 would now yield over $1.5 million. Armstrong also suggested that governments consider adopting Bitcoin as a strategic reserve asset to counter inflationary pressures.
Binance founder Changpeng Zhao praised Bitcoin’s resilience over the years and framed its price surge as evidence of the devaluation of traditional assets. Looking ahead, analysts predict that Bitcoin could become the leading “store of value,” surpassing gold within the next decade. Bernstein’s Gautam Chhugani forecasts that Bitcoin could reach $200,000 by late 2025, driven by expectations of crypto-friendly US policies.
Standard Chartered analysts also project that Bitcoin could double in value by the end of 2025, citing factors such as potential integration into sovereign wealth funds and US retirement portfolios. Institutional players like MicroStrategy are expected to increase their Bitcoin holdings, further fueling momentum in the coming years.
As of the time of writing, Bitcoin is ranked #1 by market cap and has experienced a 6.09% increase in price over the past 24 hours. With a market capitalization of $2.02 trillion and a 24-hour trading volume of $134.96 billion, Bitcoin continues to dominate the crypto market. The total crypto market is valued at $3.67 trillion, with a 24-hour volume of $360.03 billion and a Bitcoin dominance of 54.97%.
Overall, Bitcoin’s historic breakthrough has set the stage for further milestones and growth in the cryptocurrency space. Investors and analysts alike are optimistic about the future of Bitcoin and its potential to revolutionize the financial industry.