Alex Dovbnya

Dave Portnoy’s Thanksgiving tweet in regards to the Bitcoin worth can be as related at the moment because it was two years in the past

Dave Portnoy, the founding father of the sports activities and popular culture weblog Barstool Sports activities, ruffled the feathers of many Bitcoiners two years in the past when he tweeted in regards to the “Thanksgivings Day bloodbath,” mocking the dismal worth efficiency of the biggest cryptocurrency. 

Again then, Bitcoin shed greater than 16% inside a single day after recording vital positive factors and dropped to the $16,400 stage. 

Portnoy seemingly felt vindicated after promoting his crypto and abandoning the group a number of months previous to that. 

The overly dramatic tweet attracted loads of mockery after Bitcoin added a formidable 20% inside simply 4 days and got here near reaching $20,000. After all, Bitcoin then went parabolic, skyrocketing to an eye-popping $57,000 a number of months later. 

After experiencing some turbulence in the midst of 2021, Bitcoin then soared previous $59,000 on Thanksgiving Day simply days after reaching its present all-time excessive of $69,000.

Quick-forward to 2022, the biggest cryptocurrency is buying and selling at simply $16,500. Therefore, it’s fairly secure to say that Portnoy has the final snicker.

The disastrous efficiency of the main cryptocurrencies positively makes crypto a extremely uncomfortable matter throughout this vacation season, with cryptocurrency fanatics having a lot much less to be glad about. 

Bitcoin and Ethereum are down 75.94% and 75.35% from their file peaks, respectively. For these buyers who purchased into varied bullish narratives final 12 months, these losses is likely to be too exhausting to abdomen. 

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