For the first time in history, the value of Bitcoin has crossed the $100,000 mark, with its equivalent value in Pakistani Rupees exceeding 28 million.
The surge follows Donald Trump’s re-election as U.S. President, which has driven significant momentum in the cryptocurrency market. Bitcoin’s value has more than doubled this year, with a 45% increase recorded in just four weeks after Trump’s victory.
Bitcoin’s journey began in 2009 with a value of zero. By the end of 2010, its price had risen to $0.30. In 2011, Bitcoin surpassed $1 for the first time, peaking at $29.60 in June. However, market downturns later that year saw its value drop to $5.2 by year-end.
In early 2024, the approval of a cryptocurrency fund catalyzed Bitcoin’s growth, pushing its price to $70,184 in March. On November 7, 2024, following Trump’s re-election, Bitcoin reached an all-time high of $76,999 before crossing the $80,000 mark on November 10. Finally, on the same day, Bitcoin achieved the historic milestone of $100,000, setting a new benchmark in the cryptocurrency market.
