Bitcoin crosses $100,000

What a trajectory in just over 11 years.

Bitcoin hit $100 on March 31, 2013
Bitcoin hit $1,000 on November 28, 2013
Bitcoin hit $10,000 on November 29, 2017
Bitcoin hit $100,000 on December 4, 2024

I first heard of Bitcoin when my friend Francis was talking about a digital currency. On March 2014, he sent me 0.015 Bitcoin.

That 0.015 Bitcoin he sent me on my 24th birthday was worth $9.15 at the time. By the time he followed up in 2017 it was worth about $150. Yesterday, it was worth about $1,500.

Like everyone else, I followed the crypto boom in 2017. I didn’t participate then. But when the bubble burst in 2018, I thought this was a good time to buy in. I’ve been a holder ever since although I’ve trimmed and diversified my position significantly to make sure my personal balance sheet is somewhat in line.

Admittedly, taking profits on crypto was hard to do as we’ve never seen anything like it in our life and I do believe in the long-term upside. But overconcentration is overconcentration.

I still remain long on a sizable portion of Bitcoin and Ethereum. I’ll be curious to see where things go from here as the technology evolves and adoption picks up.