Welcome to the Bitcoin rollercoaster! Are you enjoying the ride?
After running from a price of $20,000 to $40,000 in the space of three weeks, the price of Bitcoin has taken a breather, crashing down to $30,000, and has settled at about $34,000 as I write this newsletter.
Such movements are to be expected with Bitcoin. Those of us who have been around for a while have seen it all before. Check out the two charts below which compare January 2017 with January 2021, when Bitcoin last broke its all-time high.
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