On December 5, 2024, BTC ushered in a historic moment: the price broke through $100,000 for the first time!
This is a carnival day for global crypto enthusiasts and a milestone for Financial Marekt. Some people cheer "Finally witnessed 100,000!", while others calmly ponder: "And then what?"
From $0.01 to $100,000, what happened? Let's review, analyze, and even look ahead to the future of this digital currency revolution.
How did BTC get here?
1. The Past of "Pizza" and "Mining Machines": From Niche Experiments to Global Revolutions In 2009, BTC was quietly born, initially just a plaything for geeks. In 2010, programmer Laszlo bought two pizzas with 10,000 BTC, which was worthless at that time. But these early geeks probably didn't expect that BTC would become an important part of the global financial system.
At that time, whoever owned BTC was like picking up a pile of "seemingly useless stones". But these "stones" have become digital gold today.
2. 16 years of ups and downs: countless crashes, countless rebirths
3. ETF: the trigger for the start of the bull market At the beginning of 2024, US approved the first BTC spot ETF (exchange-traded open-end index fund), and since then, funds have poured in. Major traditional financial giants, even banks that have long been skeptical of BTC, have begun to allocate funds. In just a few months, the market value of BTC surged from $1 trillion to 2 trillion, breaking through the $100,000 mark.
Why did BTC break through $100,000?
1. Scarcity and value storage function The total amount of BTC is constant at 21 million, of which 85% have been mined, and most of the remaining coins will take decades to release. In the face of this absolute scarcity, it has become "digital gold", attracting institutional and individual investors.
2. Decentralization and Sovereignty Resistance In 2024, many countries will face economic difficulties and severe currency depreciation. The decentralized nature of BTC makes it a safe-haven asset. For example, countries such as Argentina and Turkey have high inflation rates, and more and more people are using BTC to protect their assets.
3. Global digital trends Every corner of people's lives is being digitized, and BTC is the native currency of the internet. From cross-border transfers to smart contract applications, BTC is no longer just a "cryptocurrency trading tool", but has become an important part of the global economy.
Where is the future of BTC after 100,000?
1. Global adoption (universalization) Currently, about 8% of global internet users own cryptocurrency, while the internet penetration rate is close to 65%. This means that there are 5 billion would-be users who have not entered the crypto world. If these people start using BTC, even if each person allocates 0.01 coins, the price of BTC could soar to over $500,000!
2. Institutionalization and Sovereign State Layout With the approval of ETFs, more and more institutions are entering the BTC market. Traditional financial giants such as BlackRock, Fidelity, and UBS are all laying out BTC products. Some countries, such as El Salvador, even directly regard BTC as legal tender. In the future, BTC may become part of the reserves of central banks around the world!
3. The combination of emerging technologies and Web3 The BTC ecosystem is not limited to payments, it is gradually integrating new technologies such as Web3, DeFi, and the Metaverse. The future of BTC will be part of the financial infrastructure.
Will BTC become a "bubble"?
This has always been a controversial topic in the market. Critics believe that BTC has no intrinsic value, only speculators are speculating; supporters believe that the value of BTC lies in consensus and scarcity.
1. Opposing views:
Today, BTC broke through $100,000, marking a phase victory in the digital revolution. However, this is just the beginning. Next, BTC may bring more profound changes:
Is $100,000 the end of BTC? Looking back, when BTC first had an anchor value, and then broke through $1, $100, and $10,000, there were always people who asked such questions. Until today, Bitcoin has told us again and again with historic moments that no price is its end. 100,000 The dollar is just a number, the future is our expectation. Imagine what kind of world we would live in when everyone could use BTC freely and safely?
The total amount of Bitcoin is 21 million, but there are more than 400 million investment users in the global crypto market, while the number of wallets holding more than one Bitcoin is only 1.50 million, accounting for 0.36% of the users in the crypto world? In this vast digital ocean, are you also eager to have your own Bitcoin and witness and participate in this change together? Now, The First Trading Platform joins hands with you to take the first step towards the world of Bitcoin.
By joining The First community, you can unconditionally receive a BTC exclusive red envelope. As a cryptocurrency trading platform dedicated to providing users with a safe, efficient, and transparent platform, The First hopes to enable every user to safely and conveniently obtain a bitcoin and easily enter this crypto world full of opportunities and challenges.
Even if it's not too late to own your first Bitcoin, a fairer, more open, and inclusive world is beckoning to us when everyone can use BTC freely and safely. Don't hesitate, take action now, and together we will embark on your Bitcoin journey! Starting from The First, let's look forward to the next milestone!
This is a carnival day for global crypto enthusiasts and a milestone for Financial Marekt. Some people cheer "Finally witnessed 100,000!", while others calmly ponder: "And then what?"
From $0.01 to $100,000, what happened? Let's review, analyze, and even look ahead to the future of this digital currency revolution.
How did BTC get here?
1. The Past of "Pizza" and "Mining Machines": From Niche Experiments to Global Revolutions In 2009, BTC was quietly born, initially just a plaything for geeks. In 2010, programmer Laszlo bought two pizzas with 10,000 BTC, which was worthless at that time. But these early geeks probably didn't expect that BTC would become an important part of the global financial system.
At that time, whoever owned BTC was like picking up a pile of "seemingly useless stones". But these "stones" have become digital gold today.
2. 16 years of ups and downs: countless crashes, countless rebirths
- 2011 : Breaking $1 for the first time, shocking everyone.
- 2013 : After breaking $1,000, it fell into a cold winter due to the collapse of the Mt. Gox exchange.
- 2017 : A shock to the 20,000 dollar sparks global attention, but then crashes to $3,000.
- 2021 : Breaking through $60,000 and becoming the asset class sought after by mainstream institutions.
- 2024 : ETF brings 100 billion funds, BTC finally reaches $100,000!
3. ETF: the trigger for the start of the bull market At the beginning of 2024, US approved the first BTC spot ETF (exchange-traded open-end index fund), and since then, funds have poured in. Major traditional financial giants, even banks that have long been skeptical of BTC, have begun to allocate funds. In just a few months, the market value of BTC surged from $1 trillion to 2 trillion, breaking through the $100,000 mark.
Why did BTC break through $100,000?
1. Scarcity and value storage function The total amount of BTC is constant at 21 million, of which 85% have been mined, and most of the remaining coins will take decades to release. In the face of this absolute scarcity, it has become "digital gold", attracting institutional and individual investors.
2. Decentralization and Sovereignty Resistance In 2024, many countries will face economic difficulties and severe currency depreciation. The decentralized nature of BTC makes it a safe-haven asset. For example, countries such as Argentina and Turkey have high inflation rates, and more and more people are using BTC to protect their assets.
3. Global digital trends Every corner of people's lives is being digitized, and BTC is the native currency of the internet. From cross-border transfers to smart contract applications, BTC is no longer just a "cryptocurrency trading tool", but has become an important part of the global economy.
Where is the future of BTC after 100,000?
1. Global adoption (universalization) Currently, about 8% of global internet users own cryptocurrency, while the internet penetration rate is close to 65%. This means that there are 5 billion would-be users who have not entered the crypto world. If these people start using BTC, even if each person allocates 0.01 coins, the price of BTC could soar to over $500,000!
2. Institutionalization and Sovereign State Layout With the approval of ETFs, more and more institutions are entering the BTC market. Traditional financial giants such as BlackRock, Fidelity, and UBS are all laying out BTC products. Some countries, such as El Salvador, even directly regard BTC as legal tender. In the future, BTC may become part of the reserves of central banks around the world!
3. The combination of emerging technologies and Web3 The BTC ecosystem is not limited to payments, it is gradually integrating new technologies such as Web3, DeFi, and the Metaverse. The future of BTC will be part of the financial infrastructure.
Will BTC become a "bubble"?
This has always been a controversial topic in the market. Critics believe that BTC has no intrinsic value, only speculators are speculating; supporters believe that the value of BTC lies in consensus and scarcity.
1. Opposing views:
- It lacks practicality and cannot replace existing payment systems.
- Extreme volatility, not suitable for storing value.
- Environmental protection issues, mining consumes a lot of energy.
- No need to trust any third-party payment system.
- Anti-inflation, anti-censorship, especially in unstable areas.
- From niche experiments to mainstream recognition, this is the embodiment of value.
Today, BTC broke through $100,000, marking a phase victory in the digital revolution. However, this is just the beginning. Next, BTC may bring more profound changes:
- Financial system restructuring: More people are fleeing fiat currency and entering the decentralized currency world.
- The combination of technology and humanities: enabling unbanked people around the world to enjoy Financial Services.
- The new pattern of the world economy: BTC may become the new "digital reserve currency".
Is $100,000 the end of BTC? Looking back, when BTC first had an anchor value, and then broke through $1, $100, and $10,000, there were always people who asked such questions. Until today, Bitcoin has told us again and again with historic moments that no price is its end. 100,000 The dollar is just a number, the future is our expectation. Imagine what kind of world we would live in when everyone could use BTC freely and safely?
The total amount of Bitcoin is 21 million, but there are more than 400 million investment users in the global crypto market, while the number of wallets holding more than one Bitcoin is only 1.50 million, accounting for 0.36% of the users in the crypto world? In this vast digital ocean, are you also eager to have your own Bitcoin and witness and participate in this change together? Now, The First Trading Platform joins hands with you to take the first step towards the world of Bitcoin.
By joining The First community, you can unconditionally receive a BTC exclusive red envelope. As a cryptocurrency trading platform dedicated to providing users with a safe, efficient, and transparent platform, The First hopes to enable every user to safely and conveniently obtain a bitcoin and easily enter this crypto world full of opportunities and challenges.
Even if it's not too late to own your first Bitcoin, a fairer, more open, and inclusive world is beckoning to us when everyone can use BTC freely and safely. Don't hesitate, take action now, and together we will embark on your Bitcoin journey! Starting from The First, let's look forward to the next milestone!
