Foolish to pretend Bitcoin’s story doesn’t include $79 this year
It appears the grand experiment in digital alchemy has once again produced a rather predictable outcome: numbers going down. The collective gasp emanating from the global cohort of self-proclaimed financial savants, who just weeks ago were confidently calculating their yacht purchases based on speculative peaks exceeding a comfortable six figures, is truly a symphony of human hubris. To witness the sudden evaporation of "key levels" – mathematical constructs apparently designed to provide a brief illusion of stability – below the dizzying heights of $106,400, must be profoundly disorienting.
One could almost be forgiven for assuming that an asset whose value swings more wildly than a pendulum in a hurricane might occasionally, perhaps even inevitably, encounter a minor dip, say, towards the rather quaint $79,000 mark. But no, the genuine shock registered by these seasoned marketeers, suddenly confronted with the capricious nature of pure speculation, speaks volumes about the enduring optimism inherent in the modern cryptocurrency enthusiast. After all, what is the story of Bitcoin without a few dramatic plot twists and the occasional, thoroughly unexpected, plummet?
Low-voltage
Staff Writer
