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I went to bed last night at 96k, thinking we'd have another day of sideways consolidation, maybe if we're lucky a bump on the head at 99k before the 100k dumpers come in to "take profits" But little did I know what was waiting for me when I opened up my crusty eyes, I checked the chart as one days after their morning wee and nearly wet the entire bathroom, 102k, must be a mistake, let's check Coingecko, let's check the local exchanges, let's check social media, and it was confirmed like 6 blocks in baby, there's no going back! Ladies and gentlemen, grab your laser-eye NFTs and dust off those 2017 memes - we've finally arrived! Bitcoin has transcended the mythical $100,000 price point that HODLers have been hallucinating about since the Obama administration. We have succesfully meme'd the dream into a reality, can anything stop us now? The [Banana zone](https://thebitcoinmanual.com/articles/btc-banana-zone/) hath arrived ----------- ![image](https://yakihonne.s3.ap-east-1.amazonaws.com/7ecd3fe6353ec4c53672793e81445c2a319ccf0a298a91d77adcfa386b52f30d/files/1733393500201-YAKIHONNES3.png) ----------- ## Why the big break? Is it unrest in France with the government collapsing, is it South Korean uncertainty with their president declaring Martial law, is it Putin coming out to admit you can't ban Bitcoin? Is it countries trying to find a hedge against Trumps' proposed tariffs? Who knows? To me it's just another day of sellers exhausted and buyers are eating through the order book like hungry-hungry hippos ## Bottom of the bear to getting some serious air time If you've been here for one full cycle, and stayed the course it's been a wild ride, we saw Terra Luna, FTX, Celsius, BlockFi blow up and a massive draining of liquidity from the market. The dream was dead and we hit rock bottom in November 2022, at 15k, to those who nailed that absolute bottom, I salute you. Anyhoo, it's been a slow grind upwards, the crab market of choppy consolidation normally is, but you psychos continued to hold steady and deploy capital even when number continue to go down! ![last cycle](https://yakihonne.s3.ap-east-1.amazonaws.com/7ecd3fe6353ec4c53672793e81445c2a319ccf0a298a91d77adcfa386b52f30d/files/1733393422769-YAKIHONNES3.png) ## The meme, the dream and now the cream The bitcoin maximalists who've been sporting perpetual laser-eye Twitter and nostr profiles can now collectively exhale. Those same folks who've been predicting "$100K by EOY" every single year since 2017 can now do a victory lap, wearing their tinfoil-lined Gucci tracksuits. You were wrong many times, only to be proven right eventually! Remember when explaining Bitcoin's potential value used to involve complex blockchain narratives and decentralization lectures? ## Call up the cry babies When Bitcoin looked down and out there were no shortage of doom and gloomers writing another failed obituary, Dan Pena, Charlie Munger, Warren Buffer, Peter Schiff and Peter Zeihan all had to yap and we listened and laughed <iframe width="560" height="315" src="https://www.youtube.com/embed/SrSj2RmRtbs?si=sNU_XUX2izkDFngj" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> Let's hear what mama has to say on the subject of Bitcoin? <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Keep dreaming. Bitcoin is never going to hit $100,000!</p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1192802503856984064?ref_src=twsrc%5Etfw">November 8, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> Now it's just: "Told ya so" - accompanied by shitcoiners and nocoiners are angry coz of dey enlarged medulla oblongata ----------- Times like this, I often think of the wise and eloquent words of MSTR Gigachad Saylor <blockquote> Put money into Bitcoin and wait for number to go up biggly, if number go down put more money in and wait for number to go up bigglier - Michael Saylor </blockquote> ----------- ## Setting up base camp for the march up Mount Milli-manjaro The journey to $1 million feels eerily similar. We'll witness another brain-melting crypto pilgrimage - let's call it Mount Milli-manjaro - where every Reddit thread and Twitter space will sound like a combination of economic prophecy and sci-fi fever dream. Pro tip for newcomers: Pack extra copium, a sense of humor, and maybe some popcorn. This ride is just getting started. To the moon? 🚀🤡₿ Looks likely bar a massive black swan, 2025, looks like this thing is going to run with big Usain Bolt strides as we enjoy a year of price discovery, speculation and all the scams that will fester as retail comes piling in to make their overnight fortunes. I know it's fun to hand out I told you so's and you should enjoy it, take the victory lap but even that gets old, while it's hard to do, try to stay humble and enjoy stack the perpetual top!