The Bitcoin price tops $24,600 on Christmas as crypto Twitter explodes with euphoria.
Crypto Twitter rang in the Christmas cheer with a new all-time high for Bitcoin (BTC), culminating a tremendous year for the digital asset.
The Bitcoin price peaked at $24,661.76 on Bitstamp, surpassing the previous record set last week. The altcoin market also rebounded, with Ethereum (ETH), Litecoin (LTC) and XRP posting impressive rallies.
Bitcoin’s biggest proponents took to Twitter to celebrate the new milestone — and to remind their followers to keep holding as the new year approaches. Gemini co-founders Cameron and Tyler Winklevoss haveexpressed some excitement:
Merry Christmas! Santa left $24.5K #Bitcoin under the tree pic.twitter.com/n4Ad19rE2v
— Cameron Winklevoss (@cameron) December 25, 2020
Merry Christmas! No coal this year, #Bitcoin 24.5k instead ☺️ Ho ho ho!
— Tyler Winklevoss (@tyler) December 25, 2020
Bitcoin’s all-time high is giving Anthony Pompliano of Morgan Creek Asset Management additional Christmas Day energy:
Bitcoin hitting a new all-time on Christmas Day is the energy I’m here for.
— Pomp (@APompliano) December 25, 2020
Bitcoin and Black America tweeted about the digital asset’s new high by saying, “Merry Christmas you filthy animals.”
Merry Christmas you filthy animals pic.twitter.com/MrakJYZD5J
— Bitcoin and Black America (@bitcoinzay) December 25, 2020
Galaxy Digital CEO Mike Novogratz also celebrated Christmas by unwrapping a glow-in-the-dark moon, which is a direct reference to Bitcoin’s meteoric rise.
Favorite gift. The Moon. pic.twitter.com/ljNbSVU5h0
— Mike Novogratz (@novogratz) December 25, 2020
Crypto data analytics firm Bloqport rang in Christmas with a GIF of Michael Saylor raising a glass to Bitcoin:
#Bitcoin smashing all time highs. Merry Christmas! pic.twitter.com/dgK3vWr76n
— Bloqport (@Bloqport) December 25, 2020
Robert Breedlove, author of Thank God for Bitcoin, had a more serious message to deliver to the community on Christmas:
#Bitcoin incentivizes patience and reflection.
Fiat currency induces hurried and misguided investing to outpace inflation.
Which world do you want to live in: one in which capital is allocated patiently and thoughtfully, or one in which it is allocated feverishly and manically?
— Robert Breedlove (@Breedlove22) December 25, 2020
Su Zhu of Three Arrows Capital also reminded hodlers to keep hodling:
Hodl Ho Ho
Happy Holidays Everyone!
— Su Zhu (@zhusu) December 25, 2020
YouTuber Crypto Daily commented on Bitcoin “rallying during an illiquid public holiday,” which is a testament to the digital currency’s bullish potential. “$100k is FUD now,” he said.
#Bitcoin rallying during an illiquid public holiday. $100k is FUD now.
— Crypto Daily (@Crypto_Daily) December 25, 2020
2020 will go down as a landmark year for Bitcoin. While many institutions have been clamoring for years that the ‘institutions are coming,’ this year finally delivered on those revelations.