Based on The Coin Republic, on December 5, 2024, Bitcoin reached a milestone value of $100,000, significantly impacting wealth creation. This event resulted in the creation of 14,211 new millionaires in just one day, highlighting Bitcoin's rapid wealth-generating potential compared to traditional stocks. The study by NFT Evening revealed that Bitcoin investors become millionaires approximately 22 times faster than stock investors. Additionally, four new billionaires emerged from Bitcoin's rise, underscoring its unique ability to build generational wealth. The study utilized data from Dune Analytics, bitinfocharts.com, and TradingView to compare Bitcoin's performance against traditional stocks, demonstrating its dominance in wealth creation. Bitcoin's journey from its inception in 2009 to surpassing $100,000 in 2024 is marked by significant events, including the Mt. Gox collapse and ETF approvals, cementing its status as a financial powerhouse.
Bitcoin Hits $100,000, Creating 14,211 Millionaires in a Day
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