Our colleague Alexander Osipovich has covered bitcoin for seven years and he has a takeaway.
Bitcoin is not for the faint of heart.
It's very volatile and periodically it has these massive drawdowns where it loses much of its value.
Bitcoin at $20,000, we got Bitcoin hitting a new all time high.
It topped $50,000 a coin bit plunged by 22% to below $42,000.
Some key cryptocurrencies like bitcoin did rebound.
A bit today, but that's only after.
Months of steady dramatic losses.
So the price of bitcoin near an all time high.
What's your favorite bitcoin milestone?
Well, I quite like the one that was in late 2017 when Bitcoin got nearly to $20,000.
So I felt like that was the first time that bitcoin really broke out into the broad public consciousness and grandma was buying bitcoin.
The ones since then have felt like a season recap or something to me.
Okay, and if grandma bought Bitcoin at 20,000, how's grandma doing today?
Grandma would have gotten about a fivefold.
Return on her investment because last week crypto hit a major milestone.
What happened late in the Evening on Wednesday, December 4, Bitcoin traded above $100,000 for the first time.
This was the culmination of a rally that began with the election of Donald Trump.
Trump has lately styled himself as a pro bitcoin pro crypto candidate promised to appoint people who are crypto friendly adopt crypto friendly policies.
And the crypto market has responded to that.