Analysis
Bitcoin has hit $US100,000. Do we still care?
The cryptocurrency has burst through a historic milestone. But the bulls aren’t bragging, and the bears aren’t finger wagging. So what’s changed?
Jonathan ShapiroSenior reporterIn December 2017, the price of bitcoin was flirting with a historic $US10,000 level and everyone was going mental. If you owned bitcoin at that time, you were giddy with greed, and if you didn’t, you were green with envy.
“If you bought 100 coins in the dip of 2010, your $US200 would be worth $US10 million,” CME economist Erik Norland said at the time. “If you didn’t get in until 2013, you would have had to spend $US20,000, but you would still have bitcoin worth $US10 million today.”
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