Alright, listen up, you are surely one of the #Newbies ! If you're new to the crypto scene, it's high time you start paying homage to the OG of the game - Bitcoin. It's like learning the ABCs before you dive into Shakespeare, ya know what I mean? So buckle up, buttercup, 'cause we're about to take a crash course in Bitcoinology! š
I'll give you a little statistics and history:
Whoa, $BTC was at $16,500 on January 1, 2023!
Can you believe it? By January 1, 2024, $BTC had shot up to $42,000!
Crazy, right? March 14, 2024, saw $BTC hitting $70,000.
What's the deal with $BTC being over $70,000?
Right now, there's about 19.6 million BTC out there. If we multiply that by 70,000, we get a whopping $1.372 trillion market cap for $BTC. That's some serious cash!
Is $1.4 trillion a lot?
With that value, Bitcoin becomes the eighth-largest asset in the world, even beating out silver !
If we split up all the $BTC among everyone on the planet, each person would get around $170.
And if you wanted to spend that kind of money over 50 years, you'd have to fork out nearly $77 million every single day.
š So, what happened last time $BTC hit a new all-time high?
Back in December 2020, $BTC broke its previous ATH of $20,000, set three years earlier.
š 22 days later, the price doubled.
š 67 days later, it tripled.
Can you believe just last month we were partying over hitting $50,000?
Wild, huh?
WELCOME TO THE JUNGLE ! Crypto Jungle ! š
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