There is no doubt Bitcoin controls the crypto industry. When you mention cryptocurrencies, the first thing people mention is Bitcoin.
There is a reason Bitcoin has 63% of the crypto market share. What is most interesting to watch is how much money is in crypto.
Up until 2017, it has been mostly a slow and steady climb, but a match was lit and it has been on fire ever since. Sure it there has been ups and downs, but when Bitcoin drops, I always refer people to the all time lows not the all time highs, as this is where you really see the true potential.
| Year | BTC All Time Low |
|---|---|
| 2012 | $4 |
| 2013 | $75 |
| 2014 | $200 |
| 2015 | $185 |
| 2016 | $365 |
| 2017 | $780 |
| 2018 | $3200 |
| 2019 | $3361 |
| 2020 | $5439? |
While the all time highs look good they don't tell the message as clearly as looking at the worst that Bitcoin has to offer.
I have no doubt Bitcoin is going to drop in the near future, and I'm ok with that!
This rally has been the longest time Bitcoin has been over $17,000 USD. Up until recently, it was the longest time it was over $18,000. $10,000? That's a distant memory.
If that wasn't enough to make you feel bullish, let me give you a few more things.
Are you seeing what I'm seeing?