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Bitcoin price breaks the $100,000 barrier for the first time

The cryptocurrency hit the milestone for the first time in its nearly 16-year history.

As of the morning of December 5th, the price has stayed well above that $100,000 mark, and Bitcoin's value has generally been steadily increasing over the past month or so. “I’ll pay 10,000 bitcoins for a couple of pizzas … like maybe 2 large ones so I have some left over for the next day,” Laszlo Hanyecz posted in a crypto forum on May 18, 2010. Those 40 Bitcoins stuck in a MultiBit wallet for three-and-a-half years are worth more than $4 million today (so long as the cryptocurrency stays above the $100,000 mark).

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