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Get Ready to School Grandpa on Bitcoin This Thanksgiving!
Wider interest in crypto is arriving just in time for interesting conversations around the dinner table.
Rich Webb
November 28, 2024 • Read Time: 6 minutes
As Thanksgiving approaches, prepare for a different kind of carving session—one focused on slicing through the tangled web of cryptocurrency chatter.
Bitcoin's recent flirtation with the $100,000 mark has transformed awkward dinner conversations with relatives who used to dismiss your job as "computers" into full-blown requests for financial wisdom.
From spot Bitcoin ETFs debuting on Wall Street to the possibility of a Bitcoin federal reserve under Trump, crypto is no longer the digital wild west, it's the financial frontier your family wants to explore. So, when Grandpa asks if Elon Musk's DOGE is a government initiative, you'll want to be ready. Let's dive in!
Explaining Crypto to Family This Thanksgiving
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WOW.
MicroStrategy stock, $MSTR, just fell a MASSIVE -35% from its peak seen on November 21st.
That's ~$30 BILLION of market cap erased in 4 trading days as #Bitcoin fell ~9% from its high.
This is one $MSTR's largest 4-day drops in history.
What just happened?
(a thread)
— The Kobeissi Letter (@KobeissiLetter)
9:14 PM • Nov 26, 2024
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Bitcoin is now the 7th largest asset on the planet.
It has officially surpassed both Silver and oil giant Saudi Aramco.
Next target? Google’s parent company, Alphabet.
— Milk Road (@MilkRoadDaily)
1:00 PM • Nov 27, 2024
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