Headline : Bitcoin hit $100,000. Whats next?

Read more from the original article on here at qz.com.

---

No. of Paragraph 16

Bitcoin is now above $100,000, and with that, a big milestone has been achieved. The leading cryptocurrency reached $101,250 on the night of Wednesday, December 4, and then hit an all-time high of $103,679 on December 5.

Bitcoin crossing the $100,000 mark is much more than just a numerical milestone — it’s a watershed moment for the cryptocurrency that started trading at just $1 in 2011. Despite years of criticism from traditional financial institutions and predictions of collapse from prominent economists, Bitcoin has continued to gain mainstream acceptance. And now, with this new lofty valuation and the incoming administration’s pro-crypto stance, all eyes are on where Bitcoin’s journey will go from here.

Cryptocurrency advocates are already heralding this moment as transformative. Petr Kozyakov, co-founder and CEO of Mercuryo, a London-based leading payment infrastructure platform in the digital token space, told Quartz via email that Bitcoin’s milestone comes as industry figures anticipate widespread adoption

“Cryptocurrency is destined to reach mass adoption in just the same way as the World Wide Web has today,” he said.

Read more from the original article on here at qz.com.

Related Headlines : Bitcoin hit $100,000. Whats next? (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.