Celebrating Progress: Crypto Community Expresses Thanks on Thanksgiving
As members of the crypto community gathered to celebrate Thanksgiving, they took a moment to express gratitude for the advancements in the digital asset space. From comparing past price points to engaging in conversations about Bitcoin (BTC) and other cryptocurrencies, crypto enthusiasts shared their thoughts and musings on social media platforms like X (formerly Twitter).
Counting the Gains: Price Comparisons and Market Capitalization
Yat Siu, Chairman of Animoca Brands, reminded his followers to be grateful for the progress made in the crypto industry. Siu posted the prices of Ether (ETH) and Bitcoin (BTC) from a year ago and compared them with the current market prices. He also highlighted the significant growth in Web3's total market capitalization, which now stands at $1.4 trillion.
"1 year ago #ETH was 1,135 and #Bitcoin was 16,171 and today eth is 2,065 and BTC is 37,323 & the web3 token market cap has grown to 1.4 trillion. The Open Metaverse has proven to be remarkably resilient. Happy Thanksgiving fam & frens, there is much to be grateful for." - Yat Siu (@ysiu) November 23, 2023
Time for Reflection: BTC Price Conversations Over the Years
Bitcoin firm River took the opportunity to share a list of BTC prices on Thanksgiving for each year since 2018. The company also encouraged its X followers to be patient when discussing Bitcoin with their loved ones, emphasizing that while the price may change, the conversations around BTC remain a constant.
"Thanksgiving dinner conversation. 'This crypto thing turned out to be a boom and a bust.' Me: Bitcoin is up 125% this year and it’s back to $37k 'ITS WHAT? WHEN DID THIS HAPPEN'" - FarmerJoe (@FarmerJoe0x) November 24, 2023
Diverse Perspectives: Thanksgiving Dinner Chats About Crypto
Members of the crypto community shared their own experiences of discussing crypto during Thanksgiving dinners. One individual recounted a conversation where someone referred to crypto as a "boom and a bust." The crypto enthusiast responded by highlighting that BTC had risen by 125% and was currently hovering around $37,000.
Another investor likened the crypto space to a turkey, stating that it requires the right amount of time to cook properly. They expressed gratitude for the opportunity to invest in this innovative technology, while also acknowledging that it is not a get-rich-quick scheme.
"Crypto is doing well, I try to ignore FUD and it’s growing steadily and surely, like a turkey that needs time to cook properly. I’m thankful for the opportunity to invest in this innovative and exciting technology, but I also know that it’s not a get-rich-quick scheme. It’s a…" - Ian Jeffreys (@IanJeffreys1) November 23, 2023
Varied Perspectives: Some Thanksgiving Dinners Keep Crypto Talk Off the Table
While some members of the crypto community had engaging conversations about the industry during Thanksgiving, others reported that crypto was not mentioned at all. One individual shared that they neither held a bullish nor bearish view on the space but were content with its current state.
Overall, Thanksgiving provided an opportunity for the crypto community to reflect on the milestones achieved and express gratitude for the growth of the digital asset space. As the crypto industry continues to evolve, enthusiasts remain optimistic about the future of this innovative technology.
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