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#BITCOIN HITS $100,000
FOR FIRST TIME EVER!
Congratulations on $100,000! This is history!
The price of Bitcoin (BTC) is $102,950.91 today as of Dec 5, 2024, 5:11 am EST
7 years ago 2017, we hit we passed $10k.
The guy who reported about #Bitcoin breaking $100 back in 2013 still uses the same set-up to report about #Bitcoin breaking $100k. Don’t buy shit, just HODL
2008 is exactly when Satoshi was developing Bitcoin instead of occupying Wall Street.
Bitcoin – The Currency of the Internet
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
To all the bitcoiners who held bitcoin through the ups and downs.
Congratulations on $100,000!
Mood at $100,000 #Bitcoin today.
We fucking won!
If you survived…
• The FTX collapse
• BTC crashing to $15k
• The Great AI pivot
• Gary Gensler’s SEC
& still HODL’ed #Bitcoin to $100k Congrats, you’re an OG
BTC crosses $100,000
Can’t wait to see when Bitcoin overtakes Gold’s market cap!!
The DoJ needs to hand over their coins to the DoD
The path to $1 million will be 10x faster than the path to $100k.
@dotkrueger
The supply demand economics have changed.
All the people who “sold at 69K”, “sold at 73K” and finally “sold at 98k” are gone.
Those Bitcoin are inside of MSTR and IBIT and FBTC. Most of them are not moving forever.
Available supply is much lower.
And all the people who waited until buying the ETF, all the advisors who were “studying the asset” for the last 11 months are now short.
The passive flows from the QQQs which will incorporate MSTR will start December 20th.
IBIT is going to start showing up in a ton of funds and managed accounts. And pension funds. And insurance companies. And retirement accounts.
The lower 50% of the retail bell curve will buy Tron and Hawk coin and XRP instead, but the everyday stock market holder with a Schwab account will buy IBIT.
Demand is going to go through the roof.
Draw your own conclusions as to what this means.
But Peter Schiff was wrong. Taleb was wrong. Bianco was wrong. The NY Times was wrong. Elizabeth Warren was wrong. Gensler was wrong. Jay Powell and that absolute idiot Kashkari were both wrong.
And all of us fringe bitcoiners were right.
Why the 100,000 yesterday?
Bitcoin touched $100,000 just hours after Atkins was announced as Trump’s choice for SEC chair. By Thursday morning it rose above $103,000.
Atkins, a crypto advocate and former SEC commissioner, is expected to regulate cryptocurrency with a lighter touch than Gary Gensler, who leads the commission under the Biden administration. Gensler, who aggressively fought the industry’s expansion in the US, is set to resign on Inauguration Day.
MICHAEL SAYLOR: Once you master #Bitcoin, you can economically prosper. [Otherwise] you can make billions, but the money will just drain out of your capital structure because you’re storing it in a currency which is collapsing faster than you can actually generate it.
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