Does Bitcoin at $100,000 Signal a Last Laugh for HODLers?
Digital assets have gained acceptance — just not as money.
Digital assets such as Bitcoin have gained acceptance — just not as money.
Photographer: Ozan Kose/AFP/Getty Images
What is there to say with Bitcoin at $100,000 for those of us who thought $10,000 looked nuts. After 15 years of cryptocurrency boom-and-bust cycles, rags-to-riches (and back to rags) stories, scams and bankruptcies, a carnival mood is back and hushing us naysayers.
Politicians are joining the party: Donald Trump is appointing pro-crypto officials, eyeing a Bitcoin reserve and even hawking his own coin. So are punters, who are trying their hand and losing their shirts in the risky meme coin market. Like the 18th-century carnival of Rome attended by the poet Goethe — where all mad and foolish behavior save knifing and brawling was allowed — it’s the mystified tourists who are in the minority.