Bitcoin price hits $100,000 for the first time
The price of one bitcoin hit $100,000 for the first time Wednesday as demand for the digital currency continued to surge in the wake of an election that saw victories for crypto-friendly candidates led by President-elect Donald Trump.
The price of one bitcoin hit $100,000 for the first time Wednesday as demand for the digital currency continued to surge in the wake of an election that saw victories for crypto-friendly candidates led by President-elect Donald Trump.
Since Nov. 5, the price of bitcoin has surged more than 45%. Year to date, prices have more than doubled.
The six-figure mark is the latest lucrative milestone for a digital currency that emerged 15 years ago from a brief white paper written by a still-unknown author. The ideas that author, known as Satoshi Nakamoto, spelled out have since spawned an entire technological landscape dedicated to peer-to-peer transactions that now includes hundreds of other digital tokens as well as NFTs and trading platforms.
But cryptocurrencies have remained controversial: Many of them, including bitcoin itself, have helped fuel a rise in cybercrimes and scams that the FBI says were responsible for billions of dollars in consumer losses last year.
That's prompted current federal regulators to take a skeptical view of many cryptocurrency efforts.
https://www.nbcnews.com/business/markets/bitcoin-100000-rcna181008
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