Bitcoin at $100K

We're about to cross another huge milestone for the crypto industry.

I was super skeptical of Bitcoin in the early days. My paranoia was in large part because I was one of the hundreds of Liberty Dollar customers that had their funds confiscated by the FBI raid in 2007. While the government eventually ruled in favor of the customers and returned funds, I wasn’t about to put what little savings I had left at risk in this new magic internet money.

Still, I did pull the trigger on a small purchase in 2013. Back then you could get an entire Bitcoin for $750. I splurged $75 for 0.1 BTC. Had I held it the entire way through, that would now be worth $9,800 (a 130x increase).

However, I was gun shy. In fact, it was 4 more years before I would make my next purchase, only this time at a price that was 6x higher.

Now we are hearing rumblings that certain US States as well as the United States might purchase Bitcoin as part of a strategic reserve. Some say Bitcoin will flip gold’s marketcap (8x from here). Some say it will go 10x higher. It certainly could, but no one knows for sure.

We are also in an AI boom, and what that may or may not due to cryptocurrencies is subject to a ton of speculation. Will AI agents prefer crypto as the preferred way to transact? And if so, will they use Bitcoin or invent their own chain? Nobody knows with 100% certainty.

Personally, I think it continues to go up. Regardless, it’s a major milestone to be just below $100,000 a coin. And for the moment, we can celebrate how far this technology and this industry has come.