And another year of writing about Bitcoin every day!
This year 2021 is coming to an end and I realize how lucky I am to be able to share my thoughts and opinions about the Bitcoin revolution every day. It will soon be five years since I wrote every day about this incredible monetary revolution that will change the world of the future for the better.
As a privileged witness to the evolution of Bitcoin, 2021 will remain a gap year in my eyes. Those who have already read my post about the end of 2020 must be thinking that I tend to repeat myself since I already said that around 2020. Indeed, The COVID-19 pandemic and subsequent economic crisis will be a turning point for Bitcoin .
But with a revolution as young as Bitcoin, every year counts. It will be again in 2021. A year for which I will choose 10 highlights for you.
2021 Starts Strong With CNN Declaring Bear Market After 20% Bitcoin Price Drop
It all starts in January. After a fantastic start to the year, Bitcoin price topped $30K, then $40K. This is complete euphoria in the market. A correction sends Bitcoin's price plummeting to just over $29,000. That's all it takes for CNN to declare a bear market:
This was a special moment for me because it showed us how uncomfortable the mainstream media is with how a free market like Bitcoin works. In the free market, a drop from 20% for a few days is nothing more than a correction. Instead of talking about a bull market or a bear market, you should understand that Bitcoin is first and foremost a market of freedom. What happens next will prove all bitcoiners right as the price of bitcoin resumes its climb to the new ATH. It was at this time that Elon Musk took the opportunity to introduce Tesla to the Bitcoin world. The purchase of BTC with Tesla's cash reserve was announced in early February 2021, but ended during this January dip. The announcement of Tesla's entry into Bitcoin sparked a new wave of bulls that pushed the price of Bitcoin above $50,000. On February 22, 2021, Bitcoin finally broke the market cap of $1 trillion for the first time in its history. This remarkable success was achieved in just 12 years. In comparison, Google took 21 years to reach this milestone, Amazon 24 years, Apple 42 years and Microsoft 44 years. The price of Bitcoin then continued to move above $50,000 before a new phase of euphoria when Coinbase went public in mid-April 2021. Buoyed by this news, the price of Bitcoin reached a new ATH near $65,000. A few days later China has announced that it is banning Bitcoin mining on its territory. Elon Musk also took the opportunity to end support for BTC payments for Tesla cars on the false grounds that he was concerned about the environmental impact of the Bitcoin network. I say fake because nothing has changed between Tesla entering this world in February 2021 and exiting in May 2021. Elon Musk just gave in to the political world pushing him to drop this BTC support. if he wanted to get credit in the new stimulus package that Joe Biden was preparing at the time. The announcement of China's ban on Bitcoin mining caused a sharp drop in the price of Bitcoin, which hit a low of just over $29,000 in July 2021. While everyone is concerned about the future of the Bitcoin network, miners are leaving China for more welcoming lands. This is the great exodus of Bitcoin mining from China to America. While the hashrate of the Bitcoin network has already surpassed pre-ban levels in China, over 42% of the hashrate of the Bitcoin network is now in America. This is great news for Bitcoin, whose values of freedom are better suited to countries where democracy is the political system of choice. El Salvador Becomes the First Bitcoin Nation on September 7, 2021 On September 7, 2021, Bitcoin makes history in El Salvador. The country, presided over by Nayib Bukele, became the first nation to make Bitcoin an official currency. Subsequently, another coordinated attack was carried out against Bitcoin, whose price collapsed for several hours amid fears that Chinese real estate giant Evergrande would go bankrupt. As some people begin to panic at the thought of a bear market, the rumors and FUD are dissipating to give way to October, which we like to dub Uptober. The price of Bitcoin is starting to rise again. Evergrande's risk then appears to be limited and China's ban on bitcoin ownership is not having the expected effect of the Xi Jinping regime. The Bitcoin world now seems to be used to these constant announcements about the Bitcoin ban in China. On November 10, 2021, the price of Bitcoin finally reached a new ATH of $69,000. A few days later, the biggest upgrade to the Bitcoin network in 4 years took place with the activation of Taproot. This is great news because Taproot will be the foundation for all major developments to come on the Bitcoin blockchain in the future. In particular in the field of smart contracts. The concern arose again and we finally witnessed a leveraged flush on the night of December 3-4, 2021, which caused the price of Bitcoin to fall from $56K to $42K in a matter of hours. It's time again to talk about a bear market for some. This is not my opinion and you should be warned about this rush of some talking about a Bear Market as soon as the Bitcoin price corrects by 20-30%. Such corrections are part of the Bitcoin game. You have to learn to live with it and build your game by taking advantage of these opportunities to accumulate more BTC every time. If you can do this, then you will be among those who will benefit the most from BTC in the future. Michael J. Saylor is one of those people, as he just announced that MicroStrategy has re-increased its position in Bitcoin. MicroStrategy now owns 124,391 BTC, acquired for an average of $3.75B. At the current price of Bitcoin, MicroStrategy's holdings represent over $5.3 billion. While we surpassed the issuance of 90% of the total BTC supply in December 2021, MicroStrategy now owns just over 0.65% of the total Bitcoin in circulation. Impressive! One last impressive number that will end this year 2021: over 130 million Bitcoin users. It's a lot and a little at the same time. A lot when you consider that Bitcoin was officially launched just 13 years ago (in a few days), and not a lot when you consider that there are 7.8 billion people on Earth. If you buy Bitcoin today, you will be among the early adopters who will benefit the most from its revolution in the future. The key is the ability to live your life on your own terms. A liberating power that Bitcoin gives to all those who decide to fully embrace its revolution. 2022 will be an even more exceptional year if you are a Bitcoin HODLer For 2022, Bitcoin will continue to surprise you on every level in my opinion. Instead of making empty predictions about its price, I prefer to remind you of something that will help you benefit from Bitcoin: look further by making a paradigm shift of time. With a monetary revolution like Bitcoin, the key is to stop thinking in days, months or years and start thinking in decades. If you can do that, then you will be able to adopt the same strategy that MicroStrategy did with Bitcoin: the best. The best because it is the simplest and most effective for most people. In conclusion, I wish you a happy New Year 2022. May this year bring health, happiness and prosperity to you and your loved ones. Happy New Year 2022!
The key is the ability to live your life on your own terms. A liberating power that Bitcoin gives to all those who decide to fully embrace its revolution.
2022 will be an even more exceptional year if you are a Bitcoin HODLer
For 2022, Bitcoin will continue to surprise you on every level in my opinion. Instead of making empty predictions about its price, I prefer to remind you of something that will help you benefit from Bitcoin: look further by making a paradigm shift of time. With a monetary revolution like Bitcoin, the key is to stop thinking in days, months or years and yes start thinking in decades .
If you can do that, then you will be able to adopt the same strategy that MicroStrategy did with Bitcoin: the best. The best because it is the simplest and most effective for most people.
In conclusion, I wish you a happy New Year 2022. May this year bring health, happiness and prosperity to you and your loved ones.
Happy New Year 2022!