# Bitcoin’s historic breakthrough

*Breaking through the $100,000 mark for the first time*

By [how to keep healthy](https://paragraph.com/@likesports) · 2024-12-06

---

The global cryptocurrency market is facing a historic moment as the price of Bitcoin exceeded the $100,000 mark for the first time. This landmark event marks an unprecedented increase in the value of Bitcoin and is a strong testament to the future potential of the cryptocurrency market.

Since Trump won the US presidential election on November 5, the price of Bitcoin has surged from $69,374 to over $100,000.

In addition, Federal Reserve Chairman Jerome Powell said at the New York Times DealBook Summit on Wednesday that Bitcoin is similar to gold and is a speculative asset, not a competitor to the U.S. dollar, but a competitor to gold. The remarks further bolstered market confidence in Bitcoin as a store of value.

---

*Originally published on [how to keep healthy](https://paragraph.com/@likesports/bitcoins-historic-breakthrough)*