Bitcoin Breaks $100,000 Barrier: Milestone Sparks Mixed Reactions from Experts

December 5, 2024
Bitcoin Breaks $100,000 Barrier: Milestone Sparks Mixed Reactions from Experts
  • Experts, including Anthony Pompliano and Robert Kiyosaki, emphasized the psychological importance of Bitcoin breaking this resistance level, suggesting it could draw in more cautious investors.

  • Pompliano specifically noted that this milestone might entice skeptical investors, particularly from older generations, who may wish to invest to avoid missing out.

  • The Bitcoin community reacted enthusiastically to this achievement, discussing its psychological significance related to 'round numbers' and 'human psychology' in trading.

  • Peter Brandt, a seasoned trader, expressed confusion over the excitement surrounding Bitcoin reaching $100,000, referring to it as 'just another number' and describing the milestone as a 'big yawner'.

  • Despite Brandt's skepticism, Samson Mow, CEO of JAN3, reiterated his prediction that Bitcoin could eventually reach $1 million per coin, encouraging supporters to show their enthusiasm with 'laser eyes' avatars.

  • Changpeng Zhao, founder of Binance, commented on the surge but noted he did not profit significantly from it, as his Bitcoin holdings remained unchanged during the recent price dip.

  • Brandt has generally favored Bitcoin over other cryptocurrencies, notably criticizing Ethereum in the past.

  • Brandt hinted that he does not expect Bitcoin's rise to stop at the $100,000 mark, indicating a potential for further growth.

  • On December 5, 2024, Bitcoin achieved a historic price surge, surpassing $100,000 for the first time, marking a significant milestone in its trading history.

  • This surge represented an impressive increase of approximately 9.31% within 24 hours, climbing from $94,835 to over $100,000.

Summary based on 2 sources


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