Bitcoin has hit $100,000 and is the world's 7th largest asset
Bitcoin’s (BTC) price hit $100,000 at 02:38 am (GMT) and is currently the seventh largest asset in the world with a market cap of over $2 trillion. This puts it ahead of the likes of silver, tech conglomerate Meta, and Elon Musk’s Tesla — a huge achievement for the currency that once upon a time, struggled to cross the $1,000 threshold. Needless to say, many crypto proponents are celebrating the occasion. MicroStrategy chief Michael Saylor, who’s built a career selling shares of his company to buy ridiculous amounts of BTC, announced, “There is going to be a 100K Party. ” Coinbase CEO Brian Armstrong also marked the milestone, claiming that if someone had bought $100 worth of BTC in June 2012 and held on, it would be worth $1.5 million today. On the flip side, he pointed out, $100 in USD would have dropped in price by $27. $100 worth of bitcoin bought in June 2012 would be worth $1.5 million today. Podcaster and Bitcoin supporter Peter McCormack was particu...