Bitcoin Breaches $100K Frontier, Crypto Community Celebrates Marquee Achievement

The world's largest digital asset breached the historic frontier, Wednesday night, after tantalizing the cryptocurrency community for the past ten days at values slightly below it.

Bitcoin (CRYPTO: BTC) price crossed the key resistance level of $100,000 for the first time ever on Wednesday night.

The world’s largest digital asset had breached the historic frontier in the last ten days, trading at values slightly below it. However, on Wednesday, Bitcoin price shot up to new all-time highs.

The marquee achievement was celebrated with immense enthusiasm by several prominent pro-Bitcoin figures.

El Salvador President Nayib Bukele, who steered his country toward an all-in Bitcoin strategy, laughed at those who questioned his approach.

MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor, who evangelized Bitcoin's corporate adoption, said he would throw a $100,000 party.

Coinbase (NASDAQ:COIN) CEO Brian Armstrong wished everyone a "Happy Bitcoin $100,000 Day." He also highlighted that the digital asset was the best performing asset of the last 12 years.

Silicon Valley investor and prominent cryptocurrency advocate Balaji Srinivasan said, "The first $100,000 is the hardest."

Prominent pro-Bitcoin voices from the political fraternity also cheered the event.

Senator Cynthia Lummis (R-Wyo.), who has proposed a bill for a strategic Bitcoin reserve, wrote on X, "Don't stop ₿elieving. Bitcoin reaches $100,000."

Vijay Boyapati, author of “The Bullish Case for Bitcoin,” predicted that Bitcoin's next move would be "swift and violent."

"There is very little supply now. Everyone who had $100,000 as their ‘magic number’ is gone."

Amid the enthusiasm, staunch Bitcoin critic Peter Schiff attributed Bitcoin's rise to government intervention and political payoffs.

"It's ironic that #Bitcoin only hit $100k by buying off politicians and getting in bed with government. Without expected government intervention, this milestone never would have been hit. What couldn't be done in a free market was achieved through the cohesive power of the state."

Bitcoin Price Action: Meanwhile, Bitcoin price continued to push well over $100,000, trading at $103,158.89, up 7.58% in the last 24 hours, at the last check on Thursday morning.