The price of Bitcoin reached an unprecedented milestone of $100,000 on Wednesday, as demand for the digital currency continued to soar following an election marked by victories for crypto-friendly leaders, including President-elect Donald Trump. Reports Technology News
Since November 5, Bitcoin’s value has skyrocketed by over 45%, bringing its year-to-date gains to more than double.
Crossing the six-figure threshold represents a remarkable achievement for a digital currency that originated 15 years ago from a concise white paper authored by an enigmatic figure known as Satoshi Nakamoto. The concepts outlined in that document have since laid the foundation for a vast technological ecosystem focused on peer-to-peer transactions, now encompassing hundreds of alternative digital tokens, NFTs, and trading platforms.
However, cryptocurrencies remain a contentious topic. Many, including Bitcoin, have been implicated in the rise of cybercrimes and scams, which the FBI reports led to billions of dollars in consumer losses last year.
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