I first mentioned bitcoin in a public blog on May 24, 2011, when it was trading at $7.
That blog ended with, “The Dollar Vigilante has proudly begun to accept Bitcoin as payment for subscriptions. We will be following its evolution with great interest.”
Before mainstream media caught on to how much I was trolling them on live TV, I defended bitcoin after it had “crashed” to $90 in 2013.
And, of course, since then, I’ve pounded the tables that everyone should get some bitcoin.
And what a year it has been.
In April, we celebrated as bitcoin hit an all-time high above $1,300.
Then $2,000 in May.
$3,000 in June.
$5,000 in October.
$8,000 on November 17th.
$9,000 three days ago.
And now, last night, bitcoin flew through $10,000 so fast I didn’t even have time to write this blog until it smashed through $11,000.
I did manage to livestream myself playing bitcoin poker and watching hockey while eating dinner as it smashed through $10,000 though!
In my last blog, when bitcoin had just broke through $9,000, I included this list of how many days it took bitcoin to break each thousand dollar level. I’ve since added $10k and $11k to the list:
$0 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000- $10000: 3 days
$10000- $11000: 12 hours
You could kinda say bitcoin is heating up.
And, with bitcoin at $11,000, Bitcoin Cash at $1,600 and Bitcoin Gold at $350, the total for those who have held bitcoin since before the forks on August 1st is nearly $13,000!
Remember that one year ago today, bitcoin was at $730 for a one year gain of 1,700%!
And the entire cryptocurrency space has absolutely exploded as well. The total market capitalization of all cryptocurrencies is now $330 billion. That has nearly doubled in the last month!
Where do we go from here? That, really, is anyone’s guess.
Bitcoin has reached the mainstream now and everyone and their grandma seems to be piling in. At some point, though, it will get pushed too high, too fast, and have a large correction.
When that is, is up for analysis. And, that’s exactly what we do at The Dollar Vigilante newsletter. You can get access to it immediately HERE to read what we have been telling subscribers lately as well as to access our subscribers only Facebook Group with thousands of TDV subscribers worldwide who can help you to figure out the best way forward now that we are in crazyland.
You’ll also get access to our book, Bitcoin Basics, as well as the Book Of Satoshi, when you subscribe so you can get caught up on what has become the biggest investment boom in world history.
And, we’ve been covering it all here since 2011… while your average CNBC talking head, financial advisor and banker has been warning you to stay away from bitcoin.
Meanwhile, back in August, I rapped, “Now it’s $2k on it’s way to $10k”... and you know the rest!
And as I write, bitcoin is now pulling back under $10k for a slight correction.