The Fin Bitcoin has broken through US$100,000. Now what?
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Dec 11, 2024 James Eyers, a Senior reporter at The Australian Financial Review, discusses Bitcoin's recent milestone of surpassing US$100,000. He explores the intriguing relationship between Donald Trump and the crypto world, emphasizing the evolving regulatory landscape. Eyers highlights Bitcoin's significant rise and the factors behind its surge, including the impact of institutional interest and retail access. He also delves into the risks associated with this volatile market and the transformative shift in financial systems as cryptocurrencies gain traction.
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Bitcoin Pizza
- In 2010, two pizzas were bought with 10,000 Bitcoins, costing $41 then.
- At current prices, those pizzas would be worth $1 billion.
Limited Bitcoin Supply
- Bitcoin's supply is limited to 21 million, with over 94% already mined.
- Around 4 million Bitcoins are believed lost, including 8,000 on a hard drive James Howes threw away.
Lost Bitcoin Fortune
- James Howes threw away a hard drive containing 8,000 Bitcoins, now worth $800 million.
- He's been searching the landfill and suing garbage collectors since.