Bitcoin Hit Above $100,000 For The First Time: What to Look Out For.
Bitcoin Hit $100,000 For The First Time: What to Look Out For.
I was going through the prices of coins last night only to witness Bitcoin doing the unimaginable. For the first time, it hits a whooping $100k setting a new ATH! Surprisingly, it didn't stop there, it then moved to $101,514 at the time I was putting up this post. In a space of just 16 years, BTC’s market cap has grown from zero to a remarkable $1.97 trillion. In 2024 alone, Bitcoin had pulled a 140% increase and 48% since the US election. This is amazing. This is just to tell you that anything can happen in the cryptocurrency industry.
Sixteen years ago, who would have predicted this milestone's achievement of Bitcoin and probably other coins? To this note, one should not doubt Bitcoin will hit beyond $200k in future. Yes, it is possible. Hence, holders of this coin will have no reason whatsoever to let it go.
To some people, it might mean nothing, especially to the majority of people who missed out on this opportunity. But to us cryptocurrency enthusiasts, it means a lot because other potential coins or what we call altcoins have the potential to rise as well. As of yesterday hive traded at $0.31 and currently, it's trading at $0.33 before the end of the week it might pump above $0.40. this is the moment all cryptocurrency enthusiasts have been waiting for.
Owning Bitcoin is becoming a necessity because soon, it will be a very difficult thing to own a piece of it. As it is going, people will have to sell out their property to be able to afford Bitcoin. I believe that some people are living in regret because of their inability to take up the opportunity of getting at least one BTC when the price was below $20k. Some nay Sayers who predicted the fall of BTC below $50 so they could buy must be regretting.
Bitcoin hitting above $100k shows that it has the potential to stay afloat at that price. I see it not going below $100k till the end of the year. Therefore, it will not be an unwise decision to invest in it now. This is not a financial advice. Do your research properly before you invest. Waiting for another fall in the price might be another time of waste. However, planning on buying BTC at this point might be difficult therefore, getting altcoins is preferable.
On the whole, we are looking forward to having multiple ATHs in the days to come.
What is inleo?
INLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized appallows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Posted Using InLeo Alpha