Bitcoin Surpasses $70,000: A Look Back at its Rise to Prominence
In the world of investments, few assets have generated as much hype and reward as Bitcoin. This year, the leading cryptocurrency has reached new all-time highs, exceeding $70,000 in March. Investors who bet on Bitcoin have seen their faith in the digital currency translate into big profits, especially those who invested before Bitcoin became a global phenomenon.
A review of Bitcoin’s history in popular culture takes us to its first mention on television, which happened in an episode of the television show ‘The Good Wife’ in 2012. The episode, titled ‘Bitcoin for Dummies’, aired on January 15, 2012, featuring a man who claims to represent the creator of a cryptocurrency before the Treasury Department.
If you’re wondering how much you would have today if you had invested just $100 at the time that episode aired, the Benzinga portal did the math and found the answer. Back then, Bitcoin cost $3.41, so you would have bought 29.3255 Bitcoins with $100 dollars. This means that today you would have just over $2.1 million dollars, since each Bitcoin has a value that ranges from $72,963.64.
The incredible rise of Bitcoin continues to attract both new and seasoned investors to the cryptocurrency market. With Bitcoin’s value showing no signs of slowing down, many are left wondering just how high it can go. As the world watches in anticipation, one thing is for certain – Bitcoin has firmly established itself as a powerhouse in the world of investments.