Today, the price of a single bitcoin has hit $10,000 — making 10,000 of them worth a staggering $100 million (£75 million).
Bitcoin is going nuclear. Just a year ago, it was trading at less than $750, after deflating from what was then seen as the giddy highs of about $1,100 (£847) in late 2013. It has since embarked on an epic bull run.
“10k is a seminal moment for bitcoin and cryptocurrencies in general,” CryptoCompare CEO Charles Hayter said in an emailed statement, ” highlighting the supernormal returns and speculative like nature of the industry as well as the potential and growing adoption.”
The digital currency has come a long way since 2010, when the purchase of the two Papa John’s pizzas by Laszlo Hanyecz from another bitcoin enthusiast marked what is believed to be the first “real-world” bitcoin transaction.
He posted on the Bitcoin Talk forum on May 22, 2010, writing (emphasis ours): […]