First Things First!
If I was a firm believer and 100% believed in the law of attraction before 2021, I am now at 100,000% full conviction. It has been nearly a year since my last post, where the bitcoin price was sitting at around $10,400. At the time of this writing bitcoin is hovering over $34,500. I hope for the most part anyone reading this has been buying, hodling, and accumulating bitcoin first and foremost, and other top altcoins as well. Perhaps you took some profits $50k-60k+ and were lucky enough to catch some knives below $30K? Either way we are still early. This industry has only reached 1% of the world's population, similar to the internet's reach in 1997. 2021, over 60% of the world uses the internet. Shall we continue? 
So...What Have I Missed?
It would be an understatement to say "there has been a lot going on". Between 2020 & 2021 the crypto space has seen avalanche after avalanche of positive news, coinciding with a myriad of on-chain metrics that catapulted prices to new all time highs. This is only the beginning, as the two best times to buy bitcoin were always 5 years ago and yesterday. (Not financial advice)
Twitter CEO, Jack Dorsey came out late September 2020 and said "Bitcoin is the future of Twitter", among other things found in this Forbes article. Personally, I believe Dorsey has the vision, knowledge, and most importantly the humility to understand that if he doesn't decentralize Twitter, a competitor surely will. It was only a few weeks later when he backed up his words with his actions, putting his money where his mouth is. On October 8th, Square, financial and digital payments company, (founded by none other than Dorsey) announced a $50 million purchase of 4709 bitcoins. This was a small, only 1% of Square's total assets as of the end of the second quarter of 2020, but significant catalyst for the overwhelming pump the bulls were about to engage in. “Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose,” the company said in a release. Needless to say Square was one of the first public companies to open up the doors for herd that has yet to fully stampede the market! Homage to the first movers featured below, bare with me.
PayPal Piling On
To keep the dominoes falling, later on October 21st, PayPal announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency's utility by making it available as a funding source for purchases at its 26 million merchants worldwide. Its a no brainer just how big this announcement was, being that they service over 300 million consumers worldwide. In the same regard no one wants to be the first one in, no one wants to be the last either. PayPal piggybacked off Square's involvement, and furthermore has aided in mainstream adoption.
Finally Breaking 20k
Fast forward to December 16th and signal over to Houston, we have lift off! Bitcoin blasted through $20,000 for the first time in history. By no means did it stop there. The currency just kept on climbing, passing $24,000 on December 21st and $26,000 on December 26th. Jeff Dorman, Chief Investment Officer at digital asset investment giant Arca, assessed the situation pretty well.
“Bitcoin has graduated from “digital assets playground” to “mainstream global investment”,” he told CoinDesk. “Investors now have the knowledge and means to buy bitcoin themselves, and we are seeing it in real time, which happened quicker than we anticipated.”
Setting The Tone
With all the positive news coming out, whether it be the companies, banks, governments, and entire nations, we must give credit where credit is due. Since August 2020, when they first announced allocating 100% of their cash reserves into the bitcoin network. MicroStrategy, deemed "MarcoStrategy" on crypto twitter, dropped a bitcoin bomb on Wall St. As the clock keeps ticking, and blocks keep building, CEO Michael Saylor will be getting his hands on as much bitcoin as he possibly can. He has been at the helm of the bitcoin space after rejecting it years ago, he has dove in with no signs of slowing down. As of June 21, 2021, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin, inclusive of fees and expenses. click here for source
For a deeper look into the living legend, click here
Stay tuned for more informative posts in the near future!
