$1k, $10k, $100k. Watching this nonsensical hype at every stage left me in disbelief. Funny thing is after all these years I’m finally realizing there’s no reason whatsoever why it couldn’t hit $1M, $1B, or go back to $1.
Anytime we see a dollar symbol we assume something has value like a traditional asset, tied to tangible or measurable things like material costs, a company’s quarterly earnings, etc. But cryptocurrencies are totally different. This thing’s dollar value per unit wildly fluctuates literally hourly, because it’s based purely on human emotion and speculation.