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Bitcoin is no longer just an “experiment”, but a global phenomenon.
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This achievement underlines the recognition of bitcoin as a legitimate and respected asset class.
On the night of Wednesday, December 4, 2024, bitcoin (BTC) surpassed $100,000 for the first time in its history.
The price of the digital currency in the last hours was boosted after statements by the president of the Fed, Jerome Powell, who said that BTC is a competitor for gold and not for the dollar.
Also, hours ago, US Republican Senator Cynthia Lummis confirmed that It will seek to create a strategic national reserve in bitcoin during the presidency of Donald Trump and provided greater details about the initiative.
The following graph, provided by CoinGecko, shows the arrival of the price of bitcoin to the long-awaited six figures:
Bitcoin surpassed $100,000. Source: CoinGecko.
The rise of bitcoin above $100,000 marks a before and after in its trajectory as a financial asset, due to the social importance of such a figure.
What began as an experimental curiosity created by someone calling himself «Satoshi Nakamoto» in a corner of the internet frequented by cypherpunks and libertarians, has become a global phenomenon.
This digital currency, initially despised by the traditional financial system, is now It is positioned among the most valuable assets in the worldcompeting side by side with giants like Google and Amazon.
10 most valuable financial assets in the world. Source: CompaniesMarketCap.
This achievement underlines the recognition of bitcoin as a legitimate and respected asset class. Its inclusion in state treasuries reinforces its transition from being only a refuge for skeptics of the fiat system to a strategic tool for sovereign nations. The fact that a country considers creating a strategic reserve in bitcoin shows that It is no longer just an “experiment”, but a monetary revolution in full development.
Jerome Powell’s statement, recognizing bitcoin as a competitor to gold, is significant. For decades, gold was the favorite refuge against inflation and economic uncertainty. Now, bitcoin, with its features of programmed scarcity, divisibility, and global transferability, is redefining the concept of “safe haven.”
And the best of all is that bitcoin adoption is not just financial, but also philosophical. It represents a movement towards individual sovereignty in a world of increasing state surveillance and forced banking. More and more people are using bitcoin not only as an investment, but as a means of preserving their financial freedom. This has profound implications for economies in crisis, where the devaluation of local currencies pushes the population towards more stable alternatives.
For skeptics who once dismissed bitcoin as a fad, this milestone serves as a reminder that truly disruptive innovations are often misunderstood in their early stages. In just over a decade, bitcoin has survived regulatory attacks, institutional scorn, and extreme volatility. Each crisis did not weaken him; strengthened him, attracting more advocates and consolidating his narrative.
The rise in the price of bitcoin is not just a reflection of speculation, but of trust. We are witnessing a revolution that redefines what money, savings and economic sovereignty mean..
Crypto Keynote USA
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