Bitcoin, the largest cryptocurrency in the world, recently reached a historic high of $118,210, marking a significant event in its history. This coincided with the remembrance of Bitcoin's first television mention in 2011, when its price was just $3.
First TV Mention of Bitcoin
Bitcoin historian Pete Rizzo recently highlighted a key moment in Bitcoin's history: its first mention on television in 2011 when it was priced at just $3. Rizzo noted that since then, Bitcoin has skyrocketed 3,900,000%.
Bitcoin's Popularity and Current Surge
Recently, Bitcoin reached a record high of $118,210 amid a broader rise in risk assets. Key factors contributing to this surge include institutional investment interest and record inflows into Bitcoin ETFs. Bitcoin is up over 25% this year and 10% weekly, marking its strongest week since April 25.
Price Predictions and Bitcoin Options
In light of Bitcoin reaching a new record, options have become popular among traders. Open interest on the Deribit exchange is concentrated around call options with strike prices of $115,000 and $120,000. There is also increasing interest in longer-term options expiring in September and December priced at $140,000 and $150,000, respectively.
The historic first TV mention of Bitcoin marked a crucial milestone in its development. With the current rise and future forecasts, Bitcoin continues to attract the attention of investors and traders.
