WuBlockchain Weekly: Bitcoin Surpasses $100,000, Trump Nominates SEC Chairman and Cryptocurrency Chief, Powell Acknowledges Bitcoin as a Competitor to Gold, etc
1. Bitcoin Surges Past $100,000, Reaching a Historic Milestone link On Thursday, OKX market data showed that Bitcoin (BTC) surged past $100,000, reaching an all-time high of $104,056. Calculating from the 0.003-cent average price of Bitcoin during Laszlo Hanyecz’s infamous 2010 purchase of two pizzas with 10,000 BTC, Bitcoin has appreciated by an astounding 3.33 billion times over the span of more than 5,000 days. This would now value the pizzas at $1 billion. Former U.S. President Donald Trump congratulated “Bitcoin holders” for reaching the $100,000 milestone in a post on the Truth platform, adding, “Together, we will make America great again.” The Financial Times column Alphaville published a reflective piece on Bitcoin’s historic rise. Historically critical of Bitcoin and cryptocurrencies, the column noted its inefficiencies as a medium of exchange and limitations as a store of value, attributing its price largely to market speculation. However, the authors expressed regret for not...