With the introduction of Cryptocurrencies, many people thought it would fail. Then, a couple of years ago, it reached an all-time high value of 50,000$ per bitcoin. However, just 4 years later, the crypto coin hit a new all-time high and broke another major milestone! Today, on December 4th, the cryptocurrency reached $100K per coin!
It took 14 years to go from 1$ to 100.000$
In February of 2011, bitcoin hit the first milestone of 1$, and now, 14 years later, the cryptocurrency has hit its biggest milestone yet as it reaches $100,000 per coin, an increase of nearly 10.000.000%. If you had bought $1,000$ in Bitcoin in February 2011, you would have generated over $103 million in profit. Many experts think the cryptocurrency will grow even further and reach 1 million dollars per bitcoin. Even though it took 14 years to reach 100,000$ per bitcoin, it can go quite fast as the crypto doubled its value in the last 3 years from 50,000 to 100,000 dollars.
However, this is extremely speculative as no one knows what the future of Bitcoin will be, and at times, the coin has shown highly volatile behavior. So, if you’re considering investing in the crypto coin, make sure you do it with money you can afford to lose, as the value can drop immensely!
Will Bitcoin ever disappear?
Even though Bitcoin’s value might lower, cryptocurrencies like Ethereum and Bitcoin are unlikely to disappear. New technologies are being created on top of the blockchain technologies that crypto coins work with. So, it is more likely that Bitcoin and other cryptocurrencies will stay for a while. Most people who understand the technology behind blockchain know that it makes online privacy much easier than other technologies.
How much is the Bitcoin Pizza worth today?
On May 18th, 2010, Laszlo Hanyecz bought 2 pizzas with 10,000 bitcoins, which was worth just over 40 dollars. If he had kept those 10,000 coins, he would have had 1 billion dollars worth of crypto today. This makes each of the pizzas worth more than 500 million dollars, making each slice worth around 64 million dollars! He couldn’t have ever predicted that the coin would reach these heights, but we’re sure he is regretting buying the pizzas at this point!
