December 4 (or December 5, depending on where you are in the world) will forever be a momentous day in Bitcoin’s history — marking the first time it surpassed $100,000.
Bulls had anticipated that this milestone would be reached at some point this year, but after repeated failures to crack into six-figure territory, it was unclear exactly when.
That resistance crumbled as the world’s biggest cryptocurrency tore to a fresh all-time high of $103,900 — taking Bitcoin’s market cap to $2 trillion in the process.
As you’d expect, there was a jubilant atmosphere on Crypto Twitter — and most of the posts fell into one of these five categories.
1. Vindication
For many Bitcoiners, massive profits isn’t the most important thing about hitting $100,000. Instead, it’s the proof that their long-held belief in this digital asset’s potential was justified.
It’s easy to forget that early adopters haven’t always had it easy. From huge exchange hacks to bad actors dragging the space down, and from dizzying bull runs to dramatic pullbacks, stacking sats hasn’t always been straightforward.
Those who tried to “orange pill” their loved ones — and spread the word about BTC — were met with cynicism and blank stares.
Some were laughed out of the room when they suggested Bitcoin could one day be worth this much. Others were told they were throwing their money away when prices plummeted.
All of this was accompanied by skeptical headlines in newspapers around the world, which regularly declared Bitcoin dead — or worthless.
Anthony Pompliano perhaps summed it up best in a video posted soon after the all-time high, saying:
“Bitcoin continued to be highly volatile — it went up a lot, and it went down a lot, too. There’s been multiple 30%, 50% or 90% drawdowns. That type of volatility usually would scare off many people. But instead, each one of you that actually held Bitcoin — you probably did it in the face of your friends or your family telling you how you were dumb, how you were wasting your time or your money. They tried to discourage you, but every single one of you ignored all the noise. Instead you did the work, you learned, and you figured out exactly what Bitcoin was, and you started to accumulate whatever you could.”
2. ‘I Told You So’
While some are being pretty humble in their celebrations, others aren’t missing the opportunity to take a massive victory lap.
Step forward Nayib Bukele, who faced the mightiest of backlashes when he declared El Salvador would adopt Bitcoin as legal tender back in September 2021.
That particular aspect of the president’s grand plan was a bit of a flop — consumers are still using dollars to buy their groceries.
Nonetheless, Bukele’s vision of buying 1 BTC every day for the past two years has paid huge dividends — and the president has receipts to prove it.
“Dunking on the haters,” he shared a screenshot of El Salvador’s wallet that shows gains of 117% and an unrealized profit of $333.6 million.
3. Reflection and Nostalgia
It’s a pretty emotional time for many Bitcoiners — some of whom have held on to their coins for 10 years or more.
And for the exchanges still standing after years of regulatory uncertainty, it’s an opportunity to reflect on how much things have changed.
Brian Armstrong pointed out that someone who bought $100 of Bitcoin when Coinbase first launched would now be sitting on a fortune of $1.5 million.
The exchange also asked Isaac Miller to remake an iconic video he first recorded in 2013, where he reacted in real time as BTC burst through $100 for the first time.
Yet when you peel all of this back a little bit, you can’t help but wonder whether this nostalgia is tinged with a bit of sadness… in a weird way.
Bitcoin is now an entirely unrecognizable beast compared with what it was in 2009. It’s now traded through exchange-traded funds on Wall Street, championed by U.S. presidents, and held in bulk by tech companies. Small gatherings of nerdy developers in cities around the world are now replaced by sprawling conferences packed with opportunistic entrepreneurs.
Maturity has helped BTC’s value grow, but has it been at the expense of its values?
4. Bullishness
To quote an Ariana Grande song, the next category brings us to the Bitcoiner who’s like “thank u, next.”
Rather than bask in the glory of $100,000, there are bulls now looking ahead to the next big target — whether that’s $150,000, $500,000 or a cool $1 million.
On Crypto Twitter, you’ll see gleeful predictions that this psychologically significant milestone will lead to an influx of new investment from retail investors.
And as reported by Cryptonews, research from Kraken shows fear of missing out is a huge driver in the investment decisions of many Americans.
All of these gains have come before Donald Trump has even taken office — with promised policies including establishing a strategic Bitcoin reserve and tearing down regulations.
As we head into 2025, it remains to be seen whether all of these ambitions have now been priced into BTC’s price… or the best is yet to come.
5. Yet More Skepticism
Not everyone’s popping open the champagne.
Those who have been fiercely critical about Bitcoin in the past are doubling down — and arguing that huge price rises don’t undermine their original argument.
Financial Times columnist Jemima Kelly argues that Trump’s plans to tear down crypto regulations are deeply worrying — especially as Bitcoin grows in size and becomes increasingly interconnected with traditional finance.
Others, such as long-time skeptic David Gerard, even believe the rally has been “faked” — claiming it’s on the back of no liquidity and thin trading.
On a day like today, naysayers will feel like they’re screaming in an empty room. Bitcoin is back — and for now at least, the bulls are running the show.
The post The 5 Main Reactions on X to Bitcoin Hitting $100,000 appeared first on Cryptonews.
