Bitcoin Hits $100K
The Big day for the bitcoin and cryptocurrency community has arrived and today will be marked a history. Its because Bitcoin has made its price to $100k and undoubtedly its a big milestone. It was anticipated that this would happen one day and finally, that day came when we saw Bitcoin price above $100k and this is a big amount.
All the bitcoin holders must be very happy today and those who invested in Bitcoin in the early days must be even happier. Its not easy to hold Bitcoin knowing that the invested amount has grown a lot but whoever has waited till now deserves this appreciation and profitability. This is why long-term investment is more rewarding and I don't have any more evidence needed to support this.
Bitcoin has surpassed the $100,000 mark for the first time, fueled by positive sentiment regarding the forthcoming pro-cryptocurrency Trump administration.
The US election result is like fuel that has triggered the market and post the result we have seen a rally in bitcoin price. Even some altcoins have shown price momentum and not sure how far it will go. It seems that all this has just started and we are yet to witness bigger things happening in the crypto market.
Now that we have seen bitcoin at such a high price which is $100k what would be the next milestone for Bitcoin now? The way institutional investors are coming to Bitcoin can take it a long way and maybe the next can be 150k or maybe 200k USD but its a bit early to think about it. Investing in bitcoin is a journey and should be done with discipline and that too with decade-long investment planning.
Bitcoin is encouraging decentralized systems and this achievement is surely a win for the decentralisation and hopefully, more people and institutions realise this. Bitcoin's mass adoption is far away but this can result in people exploring Bitcoin becoming part of this digital era and trying to own some Bitcoin for the long term.
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Yeah it's hard to hold on to as it's rising.... personally I've been selling off $100 a week since it hit 75k. I did manage to sell right at 103k that felt nice 🙂