{"id":17750,"date":"2024-12-05T02:04:53","date_gmt":"2024-12-05T03:04:53","guid":{"rendered":"https:\/\/medexperts.pro\/?p=17750"},"modified":"2024-12-05T03:25:40","modified_gmt":"2024-12-05T03:25:40","slug":"bitcoin-price-surges-to-a-milestone-100000","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=17750","title":{"rendered":"Bitcoin Price Surges to a Milestone: $100,000"},"content":{"rendered":"<div><\/div>\n<p id=\"article-summary\" class=\"css-79rysd e1wiw3jv0\">The price of a single Bitcoin rose to six figures for the first time, an extraordinary level for a 16-year-old cryptocurrency once dismissed as a sideshow.<\/p>\n<section class=\"meteredContent css-1r7ky0e\">\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">In May 2010, Laszlo Hanyecz, an early cryptocurrency enthusiast, <a class=\"css-yywogo\" href=\"https:\/\/x.com\/pete_rizzo_\/status\/1793244473519935769\" title rel=\"noopener noreferrer\" target=\"_blank\">used Bitcoin<\/a> to buy two pizzas from Papa John\u2019s. He spent 10,000 Bitcoins, or roughly $40 at the time, in one of the first purchases ever made with the digital currency.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">It has turned out to be the most expensive dinner in history.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Wednesday, the price of a single Bitcoin rose to more than $100,000, a remarkable milestone for an experimental financial asset that had once been mocked as a sideshow and a fad. The total cost of those pizzas today: $1 billion.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Bitcoin now stands as arguably the most successful investment product of the last 20 years. The value of all the coins in circulation is $2 trillion, <a class=\"css-yywogo\" href=\"https:\/\/companiesmarketcap.com\/\" title rel=\"noopener noreferrer\" target=\"_blank\">more than the combined worth<\/a> of Mastercard, Walmart and JPMorgan Chase. The motley assortment of hackers and political radicals who embraced Bitcoin when it was created by an anonymous coder in 2008 have become millionaires many times over. And the invention has spawned an entire industry anchored by publicly traded companies like <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2022\/08\/05\/business\/coinbase-crypto.html\" title>Coinbase<\/a>, a cryptocurrency exchange, and promoted by celebrities, athletes and Elon Musk.<\/p>\n<\/div>\n<\/div>\n<div data-testid=\"Dropzone-1\"><\/div>\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Even the president-elect says he is a believer. During the campaign, Donald J. Trump <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/06\/17\/technology\/-crypto-influence-election.html\" title>marketed himself<\/a> as a Bitcoin enthusiast, vowing to create a federal stockpile that could push its price even higher.<\/p>\n<\/div>\n<\/div>\n<div data-testid=\"InteractiveBlock-3\">\n<section data-testid=\"inline-interactive\" id=\"bitcoin-price\" data-id=\"100000009836794\" data-source-id=\"100000009836794\" class=\"interactive-content interactive-size-scoop css-174j8de\">\n<div class=\"css-17ih8de interactive-body\" data-sourceid=\"100000009836794\" id=\"embed-id-100000009836794\">\n<\/div>\n<footer id=\"interactive-footer\" class=\"css-nt2azn interactive-footer\">\n<p data-testid=\"note\" id=\"interactive-notes\" class=\"css-cudxsp interactive-notes\">Note: As of 10 p.m. Eastern on Dec. 4<\/p>\n<p data-testid=\"source\" id=\"interactive-source\" class=\"css-cudxsp interactive-source\">Source: Investing.com<\/p>\n<p data-testid=\"credit\" id=\"interactive-credit\" class=\"css-cudxsp interactive-credit\">By The New York Times<\/p>\n<\/footer>\n<\/section>\n<\/div>\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Bitcoin began as \u201cessentially an experimental hobbyist project,\u201d said Finn Brunton, the author of a 2019 <a class=\"css-yywogo\" href=\"https:\/\/press.princeton.edu\/books\/hardcover\/9780691179490\/digital-cash?srsltid=AfmBOopB0e1z2JhpMHftDR1DaSSn27GFnvB8Lq2C5pdh5iSKzq4XSdGk\" title rel=\"noopener noreferrer\" target=\"_blank\">book<\/a> about the history of cryptocurrency. \u201cTo see where it is now is to see a really impressive feat.\u201d<\/p>\n<div class=\"css-1336jj\">\n<div class=\"css-121kum4\">\n<div class=\"css-171d1bw\"><\/div>\n<div class=\"css-asuuk5\">\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\">\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\">\n<hr \/>\n<p>Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0<a href=\"https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&amp;client_id=vi&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2024%2F12%2F04%2Ftechnology%2Fbitcoin-price-record.html&amp;asset=opttrunc\">log into<\/a>\u00a0your Times account, or\u00a0<a href=\"https:\/\/www.nytimes.com\/subscription?campaignId=89WYR&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2024%2F12%2F04%2Ftechnology%2Fbitcoin-price-record.html\">subscribe<\/a>\u00a0for all of The Times.<\/p>\n<hr \/>\n<\/div>\n<div class=\"css-1g71tqy\">\n<div data-testid=\"optimistic-truncator-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">Thank you for your patience while we verify access.<\/p>\n<p class=\"css-3kpklk\">Already a subscriber?\u00a0<a data-testid=\"log-in-link\" class=\"css-z5ryv4\" href=\"https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&amp;client_id=vi&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2024%2F12%2F04%2Ftechnology%2Fbitcoin-price-record.html&amp;asset=opttrunc\">Log in<\/a>.<\/p>\n<p class=\"css-3kpklk\">Want all of The Times?\u00a0<a data-testid=\"subscribe-link\" class=\"css-z5ryv4\" href=\"https:\/\/www.nytimes.com\/subscription?campaignId=89WYR&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2024%2F12%2F04%2Ftechnology%2Fbitcoin-price-record.html\">Subscribe<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>The price of a single Bitcoin rose to six figures for the first time, an extraordinary level for a 16-year-old cryptocurrency once dismissed as a sideshow.In May 2010, Laszlo Hanyecz, an early cryptocurrency enthusiast, used Bitcoin to buy two pizzas from Papa John\u2019s. He spent 10,000 Bitcoins, or roughly $40 at the time, in one of the first purchases ever made with the digital currency.It has turned out to be the most expensive dinner in history.On Wednesday, the price of a single Bitcoin rose to more than $100,000, a remarkable milestone for an experimental financial asset that had once been mocked as a sideshow and a fad. The total cost of those pizzas today: $1 billion.Bitcoin now stands as arguably the most successful investment product of the last 20 years. The value of all the coins in circulation is $2 trillion, more than the combined worth of Mastercard, Walmart and JPMorgan Chase. The motley assortment of hackers and political radicals who embraced Bitcoin when it was created by an anonymous coder in 2008 have become millionaires many times over. And the invention has spawned an entire industry anchored by publicly traded companies like Coinbase, a cryptocurrency exchange, and promoted by celebrities, athletes and Elon Musk.Even the president-elect says he is a believer. During the campaign, Donald J. Trump marketed himself as a Bitcoin enthusiast, vowing to create a federal stockpile that could push its price even higher.<\/p>\n<p>Note: As of 10 p.m. Eastern on Dec. 4Source: Investing.comBy The New York TimesBitcoin began as \u201cessentially an experimental hobbyist project,\u201d said Finn Brunton, the author of a 2019 book about the history of cryptocurrency. \u201cTo see where it is now is to see a really impressive feat.\u201dWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":17752,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17750"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17750\/revisions"}],"predecessor-version":[{"id":17753,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17750\/revisions\/17753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/17752"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}