$BTC
Bitcoin (BTC) has recently reached a new high, surpassing the $100,000 mark - a big deal for the cryptocurrency market, both financially and psychologically. The achievement has sparked a lot of celebration and analysis across the crypto community, showing how the asset has grown and what it can still achieve.
Brian Armstrong, the CEO of Coinbase (NASDAQ:COIN), shared his thoughts on this historic event in a recent post, pointing out how Bitcoin has done well over the years. He noted that if you had invested $100 in Bitcoin in 2012, when Coinbase was first set up, it would now be worth about $1.5 million. Armstrong also pointed out that $100 in fiat currency does not go as far as it used to, and that Bitcoin is a good way to protect yourself against inflation.