Bitcoin (BTC) reached a new milestone by surpassing the USD 100,000 barrier, an achievement that has made several skeptics in the financial world and social networks look ridiculous. This December 5, BTC is trading above $103,000, marking a historic moment for the digital currency.
Among the figures who have been ridiculed for their predictions is the American investor Peter Schiff. Known for his criticism of bitcoinSchiff called BTC a “fraud” and in November 2019 assured that this currency “would never reach USD 100,000.” However, Reality has shown him the opposite.
Keep dreaming. Bitcoin is never going to hit $100,000!
— Peter Schiff (@PeterSchiff) November 8, 2019
Another of those highlighted by this event is the Venezuelan economist Ángel García Banchs, CEO of Econometrica. On repeated occasions, García Banchs ridiculed the predictions of the “cryptogurus”, a term with which he referred to those analysts who for years They predicted that bitcoin would reach this figure. Today, BTC’s achievement has put it in a difficult position to justify.
Brief note today to remember that the #Bitcoin It didn’t go to $100,000 as the crypto gurus promised, but it made you lose -8.31% or almost $4,000 in the last 365 days. And at the same time, to also remind you that it will soon collapse and that in the long term its target price is 0. pic.twitter.com/WG5ceebRan
— Ángel García Banchs (@garciabanchs) February 15, 2022
The Spanish YouTuber Delox, with more than 187,000 subscribers, also joins the list of detractors. At the beginning of 2023, he expressed doubt about the possibility after bitcoin reached $100,000showing a lack of expectation that was belied by the facts.
Gonzalo Bernardos, a Spanish economics professor, has been another prominent critic of BTC. Bernardos has rated bitcoin like a “tease”an opinion that today is seen as baseless compared to the new value achieved by the digital asset.
No less important is the case of Daniel Ulson, a supposed Spanish medium, who a year ago recommended selling bitcoin. Ulson stated that, in 2030, BTC “would be worth nothing” and advised exiting BTC holdings in 2024. His prediction has been contradicted by the current valuation of bitcoin.
Bitcoin’s arrival at USD 100,000 is not only a financial event, but also a moment of reflection for those who have underestimated the capacity of this currency to overcome expectations and barriers.
This feat underscores the growth potential of cryptocurrenciesespecially bitcoin, which has proven to be resilient in the face of criticism and skepticism.
This achievement of bitcoin, beyond being a number, also reflects a broader trend towards acceptance and adoption of digital currencies in the global economy.
Bitcoin broke the USD 100,000 barrier this Thursday, December 5. Source: TradingView.
While some scoffed at the possibility, others saw the potential of BTC. This is the case of the mayor of New York, Eric Adams, who recently mocked of those who questioned him when he decided to collect his first three salaries in bitcoin, as CriptoNoticias reported.
The bitcoin community celebrates this milestone, while detractors, now ridiculed for their predictions, face evidence that the future of cryptocurrencies remains uncertain. and everything looks like it will be even more valuable.
This article was created using artificial intelligence and edited by a human Editor.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
