Mike

Bitcoin

Silk Road

Arthur

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Bitcoin (BTC), the largest cryptocurrency by market cap, has surpassed the $100,000 level for the first time in history, according to CoinGecko data. It is currently changing hands at $102,527.
<h2 id="bitcoin-s-previous-price-milestones">Bitcoin's previous price milestones</h2>
The original cryptocurrency was virtually worthless following its launch, with the first known real-world Bitcoin purchase only taking place in May 2010.
The leading cryptocurrency started attracting some mainstream attention in 2011. On Feb.2, 2011, it hit the $1 price level for the first time. During the same year, it experienced a speculative frenzy following the publication of a Gawker article about the infamous Silk Road dark web marketplace. After the price crash, Bitcoin already attracted some naysayers, with The Economist<a href="https://u.today/bitcoin-up-3000000-after-it-was-written-off-by-the-economist" rel="noopener noreferrer nofollow">writing it off as a bubble</a> all the way in October 2011.
Bitcoin experienced its mainstream breakthrough back in 2013, with CNBC<a href="https://www.cnbc.com/video/2018/10/31/when-bitcoin-hit-100-watch-cnbcs-2013-coverage.html" rel="noopener noreferrer nofollow">reporting</a> about the cryptocurrency breaking above the $100 barrier for the first time on March 31, 2013.
Within the same year, Bitcoin surged $1,000 on Nov. 27, 2013. Back then, it took the cryptocurrency only seven days to double its price.
After enduring a grueling bear market, Bitcoin came back with a bang in 2017, hitting $10,000 for the first time on Nov. 29, 2017.
Now, Nov. 22 has become yet another historic day for the largest cryptocurrency.
<h2 id="sky-high-price-predictions">Sky-high price predictions</h2>
As<a href="https://u.today/novogratz-bitcoin-nearing-100k-is-just-the-start" rel="noopener noreferrer nofollow">reported by U.Today</a>, Galaxy Digital CEO Mike Novogratz does not expect Bitcoin to stop at the $100,000 mark, predicting "much higher" prices due to multiple bullish catalysts.
Fundstrat's Tom Lee sees Bitcoin reaching $150,000 as early as this year.
Earlier this month, former BitMEX CEO Arthur Hayes predicted that Bitcoin might surge to as high as $1 million due to massive stimulus spending in the U.S. <a href="https://u.today/bitcoin-hits-100000-for-the-first-time-in-history" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Bitcoin Hits $100,000 for the First Time in History

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