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Compared to 10 years ago, Bitcoin really feels like a different asset now. In 2013, it was buzzing around $1,100, but now the figures are on a different level. Since then, there have been various upheavals, like the major exchange issues in 2014, but ultimately, it has survived.
I think the turning point was around 2020 when institutional investors started to enter. Until then, it was mainly individual speculation, but from that point, the quality of the market changed. Looking back at Bitcoin's price movements 10 years ago, I realize how truly volatile it was.
It has now reached nearly $126,000, and holiday season movements are no longer as extreme as before. Maybe the market has matured. However, since it’s recently been hovering around $77,000, I’m curious about what will happen next.