Bitcoin breached the highly anticipated $100,000 price level on Wednesday, reaching the vaunted milestone more than 15 years after its mysterious creator, Satoshi Nakamoto, launched the original crypto.
Bitcoin hit the long-anticipated target above $101,000 just after 9:45 pm ET, according to Coinbase data. At the start of the year, the coin was trading for a little over $44,000. It has since risen over 120%, repeatedly breaking its high price record throughout November but falling just short of the $100,000 mark until now.
The largest crypto by market cap has come a long way since its creator, or creators mined the genesis block in January 2009.
Bitcoin has its roots in cypherpunk philosophy, designed as a decentralized currency that can be freely transacted and traded without a centralized authority and on an immutable ledger that cannot easily be altered or taken offline.
Over the years, the coin has gone from a near-worthless curio and something primarily used t
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Author: Mathew Di Salvo
