Bitcoin Soars Past $100,000 and Sparks a Frenzy

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Crypto Gone Wild: Bitcoin Soars Past $100,000 and Sparks a Frenzy

Written byAaron S.,

Editor-In-Chief

Last Updated: December 06, 2024

Key Takeaways

Bitcoin hits the $100,000 mark, sparking celebrations and predictions for even higher milestones in the crypto community;
Celebrities, CEOs, and even politicians joined in celebrating Bitcoin’s success on social media;
Critics like Peter Schiff continue to blame political intervention for Bitcoin’s rise, while supporters stay optimistic.

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Bitcoin

BTC $103,668.48

finally hit the big $100,000 mark, and it has got everyone buzzing.

This milestone has been a long time coming—15 years, to be exact—ever since the mysterious Satoshi Nakamoto created the original cryptocurrency.

As soon as the news dropped, the social media platform X lit up with reactions from all corners of the crypto world.

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Coinbase

$2.69B

CEO Brian Armstrong joined the celebration, wishing "Happy Bitcoin $100,000 Day!" and reminding everyone why Bitcoin has been the best-performing asset for the past 12 years.

Michael Saylor, the MicroStrategy boss who’s been a Bitcoin supporter, promised a full-blown $100K party. He has always been loud and proud about Bitcoin, especially for businesses.

Others in the crypto community are already looking ahead. Julian Fahrer, co-founder of Apollo, predicted, "NEXT STOP: $1 MILLION BITCOIN", even sharing a meme of Bitcoin as a grim reaper knocking on the "$1 million" door.

Even politicians got in on the fun. Senator Cynthia Lummis, who pitched the idea of a national Bitcoin reserve, cheered on the milestone with the Journey’s lyrics: "Don’t stop ₿elieving".

And, of course, celebrities could not resist chiming in. Paris Hilton kept it short, saying, "Next stop $111,111 🚀✨". She’s clearly on board for the ride.

However, not everyone was throwing confetti. Peter Schiff, who has been against Bitcoin, didn’t hold back. He claimed the price only hit $100,000 because of political favors and government meddling, saying, "What couldn’t be done in a free market was achieved through the cohesive power of the state".

Schiff also said that Bitcoin would never hit $100,000 back in 2019. But, now that it actually happened, Binance

$13.01B

’s ex-CEO, Changpeng "CZ" Zhao, shut that down with a snappy comeback: "Don’t dream. Keep building!".

One of the funniest posts came from one X user, Greg, who wrote, "December 4, 2024. Dear Diary, today Bitcoin hit $100,000. Love, greg". It was short, sweet, and relatable.

Bitcoin’s $100K milestone isn’t the only thing making waves. Just recently, the crypto community reacted to Gary Gensler's exit from the SEC. What did they have to say? Read the full story.