Bitcoin hit a historic high Wednesday, going over the $100,000 mark for the first time and topping $104,000 in Thursday trading. BTC’s market cap has surpassed $2 trillion and is now doing to Nvidia Corp. and the FTSE 100 what it has been doing for years, surging 135% on the year.
The milestone attracted le turns among the cryptocurrency community as top figures reacted to it. Still known online as “Shibetoshi Nakamoto,” Dogecoin (DOGE) cofounder Billy Markus shared his thoughts with a bit of levity.
Billy Markus’s Tweet Sparks Bitcoin Price Speculation
A misunderstanding started with the Tweet: “Bitcoin wasn’t $200k today.” Markus tweeted ‘I am bored’ which caught attention quickly. The lighthearted remark brought back the discussions about Bitcoin’s incredibly high price in the future.
While Markus tweet is cute, it’s in line with more general speculations around Bitcoin’s future trajectory. In the hyperbole around it, some have spoken of BTC hitting $200,000, a reach that some analysts have been hinting at it’s still BTC given the history of sharp price moves. Also celebrating the milestone was MicroStrategy cofounder Michael Saylor, who tweeted a ‘100K Party’ to commemorate the event.
With the hammering of bitcoin past the $100,000 mark, the digital currency is now one of the most valuable financial assets globally, even surpassing the value of far more than most public companies. BTC was trading above $100,000 but below the speculative $200,000 mark as of Thursday.
Now everyone in cryptocurrency is watching for what Bitcon’s next moves. Whether or not Markus’ jest is a willful faith in Bitcoin’s future upwards trajectory or simply lighthearted, the bullish sentiment extends equally to digital assets. BTC is taking the world by storm with its first time rise, and it’s all in uncharted territory for now.
