Bitcoin surprised us all this morning, reaching $100,000 for the first time in its history. A historic moment which coincides with the appointment of Paul Atkins as head of the SEC by Donald Trump, a fervent defender of cryptocurrencies who promises to make the United States the “crypto capital of the world”.
Tim Cook himself admitted that he personally invests in cryptocurrencies and in fact entering this world is very easy. So much so that Even Apple Pay is compatible to buy Bitcoin and also use it as a means of payment in traditional stores.
Bitcoin: a story of ups and downs
Bitcoin's trajectory has been a roller coaster ride. In 2017, it surprised the world with an increase of 1,375%, but it also had some dramatic moments. Between November 2021 and November 2022, it suffered an 80% decline, dragged down by the collapse of FTX and the fall of giants like Genesis and Celsius.
The most famous case is that of Sam Bankman-Fried, founder of FTX, sentenced to 25 years in prison for fraud. And Changpeng Zhao, the creator of Binance ended up facing justice for failing to implement adequate anti-money laundering controls. Many investors have seen their money evaporate, but like any investment, it carries risks. And he who waits usually wins, as happened at the end of this year. In 2024, Bitcoin has just surpassed the $100,000 mark for a single Bitcoin.
Evolution of the value of Bitcoin
The Donald Trump effect catapults Bitcoin
Donald Trump's victory on November 5 was the key to this historic rise. Bitcoin is up 45% since then, driven by promises such as the creation of a strategic Bitcoin reserve and the appointment of Paul Atkins as head of the SEC.
With this valuation, Bitcoin reaches a market capitalization of almost $2,000 billion, exceeding the value of government bonds from countries like USA and approaching the entire UK FTSE 100 index. Only tech giants like Apple, Nvidia and Alphabet surpass it in terms of valuation.
Buying Bitcoin is very simple from the iPhone
And as Bitcoin makes history, Apple is making it easier to get on that train. The integration of Apple Pay into the main cryptocurrency applications has democratized access to these investments. Binance, Coinbase or Crypto.com make it as easy to buy Bitcoin as ordering a coffee.
Of course, as with any investment, common sense must prevail. Volatility remains high and experts recommend not investing more than you can afford to lose. Actually, This is not investment advice.. And maybe with such a high value it's worth the wait. Or will it continue to increase? After all, it works like stocks: today it's up, tomorrow it could go down.
If you think about ride the Bitcoin waveyou can start investing in just a few clicks on your iPhone via several applications:
- Binance: the largest platform in the world accepts Apple Pay.
- Coinbase: It's perfect for getting started, with an intuitive interface and it has also just adopted Apple Pay to buy Bitcoin.
If you want to spend money and buy in traditional stores with your Bitcoin, this application and platform allows you to add a payment card to Apple Pay as if it were a “normal” bank card. They will accept it at any business that offers card payment, as it will convert to Bitcoin/your local currency.
Finally, we would like to emphasize again: do not invest more than you can afford to lose. Today, Bitcoin has surpassed $100,000, but just over a year ago it was at its lowest. The safest way to start is with small amounts while you learn how the market works.
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