BTC $100K: Celebrating the impossible

GM. The juice tastes slightly completely different at this time – sweeter, richer, and with a touch of victory in each drop.

🍾 A tribute to Bitcoin.

🍋 Information drops: Hawk Tuah lady rugs, Kraken’s survey reveals that individuals really feel the crypto FOMO + extra

🍍 Market taste at this time

Do not forget to name your anti-crypto pal at this time – simply to ask how they’re doing and possibly throw in slightly, “So… is it nonetheless a rip-off?” 👀

It is the second we have all been ready for – Bitcoin shattered the $100K ceiling! It hit a contemporary all-time excessive of $103,353 and hasn’t returned under six figures since. The Concern and Greed Index is flexing at 84, and “Excessive Greed” is the vibe of the day.

So, what was the gas to this rocket?

Cathie Wooden, the CEO of ARK Make investments, stated that Bitcoin remains to be in its “early innings.” She would not precisely see eye-to-eye with Powell, although – in her phrases, “Bitcoin is a a lot larger concept than gold.”

Now, some market watchers thought cracking $100K would possibly set off sell-offs. However plot twist: many buyers had already cashed out earlier than we even acquired right here, doubtless clearing the runway for much more positive factors.

Plus, Ki Younger Ju from CryptoQuant identified that Bitcoin’s present value is not in “bubble” territory. Principally, as extra folks put cash into BTC, the full worth of BTC held by buyers (the realized cap) has grown. This enhance has additionally pushed the potential ceiling value increased to $146K. So, for BTC to even come near what some would name a bubble, the value would want to leap one other 43%.

Nonetheless, we’re now not speaking about “if” Bitcoin will attain new heights – it is all about “when” and “how far.” The $100K period is right here, and it is prepping us for a future nobody can totally predict. Are we watching historical past within the making? You wager.

🍾 We made it

It is a rattling good day to be in crypto. 

BTC hitting $100K is not only a quantity – it is a large, collective W for all of us. It is also a reminder of what the true goal of crypto is: group, imaginative and prescient, and the drive to rewrite the foundations.

Whether or not you are an OG otherwise you simply spawned, that is one thing we all get to have a good time. ‘Trigger let’s be actual, it wasn’t straightforward. And I am not solely speaking about these household dinners the place everybody checked out you want an fool hyping up Monopoly cash.

So, take a second to soak all of it in and replicate on the wild journey that acquired us right here. Do not cry tho… you are too attractive for that 😏

2009 – 2012: Magic web cash ($0 – $30)

– Satoshi Nakamoto drops the Bitcoin whitepaper, and the world will get its first style of a decentralized forex.

– January 2009: The Genesis Block is mined. BTC was value a stable $0!! 🎉

– 2010 introduced us a legendary second – Laszlo Hanyecz purchased two Papa John’s pizzas for 10K BTC (this man would’ve formally develop into a billionaire at this time btw).

– In November 2012, we had our first halving.

2013: The primary main bull run ($13 – $1.1K)

– March 2013: the Cyprus Banking Disaster occurred. The federal government introduced it’d seize folks’s financial savings of over €100K, in order that they began turning to Bitcoin to maintain their cash protected.

– December 2013: China banned monetary establishments from utilizing BTC as a result of causes. After a powerful enhance that yr, the value tanked.

– This was additionally the yr when the legendary time period HODL was born, because of a drunk dude on a discussion board.

2014 – 2016: The Sleeping Big ($200 – $400)

– 2014 hit BTC arduous with the Mt. Gox collapse, which made folks query the safety and reliability of crypto exchanges.

– Quick-forward to July 2016, and we acquired the second halving occasion. Whereas BTC did not pop off instantly, this helped its value skyrocket later 👇

2017 – 2020: The comeback ($1,000 – $29,000)

– 2017 was peak retail FOMO. Everyone and their grandma wished in as BTC jumped to $19K in December.

– However then… crypto winter pulled up in 2018. Failed ICOs, over-leveraged buyers, and regulatory struggles dragged BTC down, and it could not break previous $10K all yr.

– By 2020, tho’, the tables turned. COVID-19 shook the worldwide financial system, and Bitcoin turned the protected haven. Beginning the yr at $6.9K, it elevated to $29K by December.

– The third Bitcoin halving occurred.

2021: We’re SO again (over $68K)

– Establishments hopped on the Bitcoin practice, and booyaka – BTC hit an all-time excessive of over $68K.

– The laser eyes development (#LaserRayUntil100K) turned a factor. All of us seemed ridiculous, however now everybody else does.

2022 – 2024: Crypto Winter 2.0 ($16K – $50K)

– 2022? Ugh, do not even. FTX went down in flames, TerraUSD adopted, and every part else felt like a dumpster hearth. BTC tanked to $16K.

– By 2023, tho’, issues began turning round. BTC climbed previous $50K, and all of us began questioning if the chilly was lastly over. Spoiler alert: it was.

2024: The yr of ATHs

And every part led to this second, y’all: $103,353!

A number of issues made it occur – spot BTC ETFs acquired permitted, Trump went pro-crypto and made a comeback as president, institutional cash saved flowing in, and Bitcoin lastly began getting the popularity it deserves as the shop of worth.

0 to 100… Pat your self on the again, smile via these glad tears, and keep in mind: that is historical past within the making. And you might be right here 🥹

🍋 Information drops

😕 Seems Ripple wasn’t about to drop RLUSD yesterday in spite of everything – they’re nonetheless ready for ultimate approval. However do not toss yesterday’s e-newsletter simply but – when RLUSD does launch, all of the juicy deets we spilled would possibly come in useful!

🤠 Hawk Tuah lady’s memecoin went from hero to zero actual fast: it crashed by 91% in simply three hours. Apparently, 96% of the provision was within the fingers of insiders and snipers.

💰 A Sotheby’s VP dropped a brand new Solana memecoin, and one dealer turned it right into a $1M payday in simply half an hour. After shopping for 462M VOID tokens for 35 SOL, they cashed out 439M tokens for 4,604 SOL.

😰 Kraken did a survey on the feelings of US crypto holders. The standout stat? 88% of respondents really feel like they missed out on big positive factors – no surprises there, contemplating Bitcoin’s rise.

⛏ BIT Mining, as soon as all-in on Bitcoin, made an influence transfer into Dogecoin and Litecoin. This enlargement is raking in practically thrice the earnings of sticking to BTC alone.

🥂 Sip of celebration

You already know what makes all of the tears, sweat, and late-night doubts value it?

So, since Bitcoin lastly hit $100K, BitDegree’s throwing a celebration you do not wanna miss. Say hiya to our new Mission, “Bitcoin $100K Particular: Watch Historical past Unfold.”

And the cherry on prime? We’re providing you with a shot at successful 100 USDC! 💸 As a result of what’s a celebration and not using a killer present?

🍌 Juicy memes