Once again bitcoin has gone on sale. These are the moments to reflect on where this asset has come from and what it is capable of.
A year ago, bitcoin had just had a huge bounce and was trading at US$64,000. At US$84,000, following a large correction, the price is 31% higher than that today. Buying at US$64,000 felt a bit nuts back then, and it felt a lot worse when it fell back to touch US$50,000, but you’d be smiling now. That’s how this thing works.
At some point in the years ahead bitcoin will be multiples of where it is today, because it is uniquely qualified to become a globally recognised reserve asset and payments network in the next phase of the internet.
- Technical Flag breaks, volatility and ETF flows. Dominance to 75%?
- On-Chain Lacklustre on-chain activity but HODLer selling has stopped
- Macro Real interest rates – a secular change or business as usual? Liquidity update, an economist’s case for crypto
- CryptoVerse Trump’s dose of reality for memecoins
- Ethos Mutant capitalism – bitcoin as the answer to a decline in virtue
