Bitcoin hit a big milestone: On Wednesday night, the digital currency's price crossed the six-figure threshold for the first time.
If you invested one year ago Percentage change: 130%130% Total as of Dec. 5: $2,305 If you invested five years ago Percentage change: 1,272%1,272% Total as of Dec. 5: $13,717 If you invested 10 years ago Percentage change: 26,738%26,738% Total as of Dec. 5: $268,384 Here's how that compares with the S&P 500 index, which is often viewed as a benchmark of the overall stock market.
Percentage change since one year ago: 33%33% Percentage change since five years ago: 95%95% Percentage change since 10 years ago: 193%What prompted bitcoin to hit its new all-time highOne potential reason behind the surge may be some of Wall Street's key institutions' embrace of bitcoin.
Several large investment firms including Invesco, BlackRock and Fidelity Investments launched the first spot bitcoin exchange traded funds in January.
With the availability of bitcoin ETFs, a larger number of investors can gain access to bitcoin.
Persons:
Bitcoin, bitcoin, Douglas Boneparth
Organizations:
CNBC, Invesco, Fidelity Investments, Bone, CNBC's
Locations:
BlackRock, FTX