$100k...But Just For One Day

Bitcoin broke above $100k, sending our meme game to ATHs, and creating endless torrents of salty tears from the critics. We did it folks, even if it was only for one day.

G’day Folks,

Yesterday was a special day.

The Bitcoin price finally broke above $100k USD for the first time, and the meme game of Bitcoin twitter reached a new ATH. By far my favourite meme of the day was this thread, where pictures tell a thousand words. It was a great day for Bitcoiners, and a horrible day for Peter Schiff and his band of merry critics.

I’m not sure about you, but yesterday was the first time this cycle where I felt truly excited and pumped. The market up until this point has felt somewhat mechanical, structured, and relatively tame, all things considered.

My expectations are that we’re now in the proper euphoria phase, and things are going to be a lot more vibrant, volatile, and chaotic from here on.

I can argue that $100k is purely psychological, but when combined with a break through the fourth cyclical ATH, flipping silver in Market Cap, and then tagging such a massive price number feels important to me.

Critics have been lobbed endless critiques at the corn over the years, but this time is in fact different.

Fool me once…twice, thrice…but the fourth time something like this happens, something is very wrong with your assumptions.

Yesterday was special because it showed the world that the HODLers were right, against all odds.

It isn’t smooth sailing however, and we Aussies have woken up to a sharp sell-off back to $93k, and a huge liquidation event in futures markets.

The bears are already sharpening their crayons, and showing off their predictive prowess. Let’s see if they’ve come out of hibernation too early in the season.

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Attention Aussie Subscribers: I’ll be speaking at the Bitcoin Alive conference in Sydney on the 8th of March!

Bitcoin Alive brings together Australia’s fantastic Bitcoin community for a day of high signal, Bitcoin only content; featuring many of the great minds Australia has to offer. This will be the third year I’m speaking at the conference, and I’d love to catch any of you who are attending on the day.

If you’re keen, the first release ticket sale ends early next week. You can save 10% if you use the code: checkonchain (all lower case) at checkout.

Bonus: If we end up with a critical mass of Checkonchain attendees, we will tee up a Checkonchain subscriber-only dinner the week leading into the conference.

Hope to see you there!

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