"From the perspective of my vast Bitcoin holdings, it's as if 2025 never happened. My Bitcoin stunt stash dropped from $99.92 at the end of 2024 to $99.69 now. Certainly that's better than its lowest point, which was $17 back in 2023. To be fair, the value did double over the $50 I put in, but while there was a big rally over the summer, all of those gains have evaporated since then."
"Turns out that when the President of the United States is bullish on a fake currency, it takes off. At least for a while. Then, when the US Congress declares "crypto week," cybercurrency speculators get that warm, squishy feeling that makes them think good things are about to happen in their imaginary world of bits as bucks. Valuations increased again, but then fell back down to their 2024 levels."
A small Bitcoin holding fell slightly from $99.92 at the end of 2024 to $99.69, remaining well above the 2023 low of $17. The initial $50 investment doubled at one point, but a summer rally’s gains later evaporated. Presidential bullishness and a US Congress-declared "crypto week" produced temporary valuation spikes driven by speculation. Those valuation increases reversed and returned to 2024 levels. The investment began after converting a PayPal balance when PayPal announced Bitcoin wallet support. Maintaining a small stake limited financial exposure while still capturing brief speculative upside.
Read at ZDNET
Unable to calculate read time
Collection
[
|
...
]