Annika Lewis | January 8th, 2021

TL;DR

Crypto has absolutely taken off in the past month. The price of BTC has gone from $18K a month ago to $40K today. 🤯

The Scene

It's January 8th, 2021. Crypto-mania is afoot.

If you were in your parents' basement messing around with crypto over the break and had bought some Bitcoin on Christmas Eve, you'd be up a whopping 67% as of today, January 8th.

That works out to a 26,909,415% annualized return (yes, 26 million percent), if anyone's counting.

What is going on?!?

https://s3-us-west-2.amazonaws.com/secure.notion-static.com/c0838ebd-30a9-47b1-9f62-fd33f3df3024/Untitled.png

Source: Coindesk (with my own annotations)

Me & Crypto

I'm a crypto dummy, which is why I'm writing for dummies. I'm not an expert seeking to educate. I'm humbly inviting you to come with me on my learning journey in this post. Tread with caution.

I started researching crypto a little back in 2016, but I didn't really spend much time on it until the COVID-19 crisis hit in 2020 and I started to think a lot about the future of money.

Apparently a lot of you are starting to get interested, too.

https://s3-us-west-2.amazonaws.com/secure.notion-static.com/2faa8fa1-ab78-4f9a-906f-b56b4ca042b8/Untitled.png

Source: Google Trends

I'm new to this, and writing is one way I learn. Talking to other learners is another. If you like this piece and want to chat, HMU. And please alert me if I'm wrong on anything! If I didn't make it clear, I'm here to learn. 🙂

For disclosure's sake, I own a very small amount of Bitcoin and Ethereum.