A Thanksgiving Toast to Bitcoin’s Wild Ride

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As a researcher who’s been observing Bitcoin since its early days, I can’t help but feel a sense of awe and disbelief when I look back at its journey. It’s like watching a rocket launch – unpredictable, exhilarating, and occasionally terrifying. I remember the first time I heard about it, back in 2012, when it was just a few dollars. Little did I know then that this digital gold would one day reach staggering heights, becoming the talk of the town and the subject of countless dinner conversations.

Let’s delve into Bitcoin‘s journey over the years, as its price fluctuations can be as unpredictable as your cousin during Black Friday sales. Back in 2012, it was trading at a modest $12.20, beloved by only a handful of cypherpunks and tech enthusiasts. However, skip ahead to today, and the value has soared to an astonishing $95,380. Such growth would leave even the most optimistic stockbrokers in tears while they study their S&P 500 charts.

But Bitcoin’s journey isn’t a straight line to the moon—it’s a rollercoaster. Each Thanksgiving, Bitcoin has brought its unique brand of drama:

  • 2013: $1,031. The first real “wow” year. Families everywhere asked, “What is a Bitcoin, and why does my nephew think he’s a millionaire?”
  • 2015: $357. The vibe was humble—like the side dish no one notices but would miss if it were gone.
  • 2017: $10,058. Suddenly, Bitcoin wasn’t just a conversation topic; it was the conversation. Tulip bubble comparisons flew faster than turkey comas.
  • 2020: $17,717. As the world locked down, Bitcoin unlocked wealth. A pandemic-proof hedge, they said.
  • 2021: $57,248. The high-water mark for those who felt like crypto gods—until 2022 rolled around.
  • 2022: $16,215. A crypto winter so cold, it made Game of Thrones look like a tropical getaway.

2024 finds us here with Bitcoin reaching an astounding $95,380. Whether you’re an early investor, a prudent dollar-cost averager, or someone still puzzling over “what is blockchain?”, there’s no denying the resilience of this asset. It has outlasted doubters, fueled innovation, and given Thanksgiving conversations a new edge for over a decade now.

To Bitcoin: the perpetually simmering turkey, the sauce that disrupts conventional finance, and the once far-fetched idea turned tangible reality. Here’s to a joyous Thanksgiving for all Bitcoin enthusiasts! May your wallets maintain their plumpness, your fear of missing out (FOMO) remain minimal, and dinner talks stay merely a tad intriguing.

 

 

 

Happy Thanksgiving and thanks for the memes, Bitcoiners.

 

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2024-11-28 22:10