The price of a single Bitcoin topped $100,000 this week.

Ten years ago the price was a little over $300. A few years before that you could buy 1000 Bitcoins for $1.

I’m not a crypto bro, but this is a huge moment. “Fake internet money,” as many like to call it, now has the 7th highest market cap of any asset in the world. It’s larger than Meta, Tesla, and Berkshire Hathaway, and sits just slightly behind Google.

At the peak of the last bull run, back in 2021, its price reached $64,000. This turned average people around the world into billionaires.

In 2022, during the fallout of the FTX crisis and the Terra-Luna collapse, the crypto bubble burst and Bitcoin fell below $17,000.

Most people said it was over.

Others bought the dip and held their belief in long-term success. And these people have been happily rewarded with over 500% in returns since that 2022 low.

I am not one of these people. I mean, my holdings certainly increased — but I don’t hold enough to quit my day job.

What fascinates me the most about this whole thing is what it shows. More people are getting on board. Whether this is for the speculative returns or the store of wealth in digital gold, adoption is growing.

Will Bitcoin and other cryptocurrencies ever be adopted by the mainstream? It looks that way. Will they ever stabilize enough to be used as standard currencies? This is far less certain.

In all likelihood, we’ll see another bubble burst. And this will be followed by an even higher high than we see today.

Whatever happens, this technology doesn’t seem to be going away anytime soon.