🌋 Crypto Community Reacts to Bitcoin’s $100,000
posted 5 Dec 2024
Bitcoin Did It. On Wednesday, Bitcoin hit the long-awaited $100,000 milestone for the first time.
The event sparked a wave of excitement across the crypto community with memes, predictions, and analyses flooding social media.
Some users, including Binance co-founder Changpeng Zhao (CZ), recalled economist Peter Schiff’s 2019 post on X, where he predicted Bitcoin would never reach $100,000.
Currently, BTC is trading at around $102,800, with an all-time high of $103,900.
The event sparked a wave of excitement across the crypto community with memes, predictions, and analyses flooding social media.
Some users, including Binance co-founder Changpeng Zhao (CZ), recalled economist Peter Schiff’s 2019 post on X, where he predicted Bitcoin would never reach $100,000.
Keep dreaming. Bitcoin is never going to hit $100,000!- Schiff wrote back then.
The surge followed President-elect Donald Trump’s nomination of Paul Atkins as Chairman of the U.S. Securities and Exchange Commission (SEC). Atkins, a former SEC commissioner and crypto advocate, will replace Gary Gensler, who is known for promoting stricter crypto regulations through enforcement.
The market responded positively to the news.
While Bitcoin supporters are celebrating the new milestone, Peter Schiff commented on the rise, claiming BTC wouldn’t have reached $100,000 without political intervention.
The market responded positively to the news.
While Bitcoin supporters are celebrating the new milestone, Peter Schiff commented on the rise, claiming BTC wouldn’t have reached $100,000 without political intervention.
What couldn't be done in a free market was achieved through the cohesive power of the state.- Schiff wrote.
Crypto supporters disagreed, arguing in the comments that Schiff has been consistently wrong about Bitcoin.
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