Crypto Thanksgiving: Industry Marks Progress Amid Market Resilience

During the festive period of Thanksgiving, the crypto community has taken the opportunity to reflect on the milestones and advancements made within the digital asset industry. They've shown appreciation for the journey the industry has taken, underscoring the evolution of cryptocurrency much like a patiently prepared Thanksgiving turkey.

Reflecting on Digital Asset Growth

The past year has been significant for cryptocurrencies, with community members comparing the progression of the industry to a turkey that needs time to cook perfectly. A sentiment of gratitude permeates the space, as investors and enthusiasts appreciate the chance to be actively involved in this burgeoning technological frontier.

Despite varying market conditions, crypto users on social media platforms have been engaging in various expressions of thanks. From comparing Bitcoin (BTC) and Ether (ETH) price points of the previous year to expressing their experiences discussing BTC at Thanksgiving dinners, there's a shared sense of accomplishment and optimism.

Celebrations and Comparisons

Yat Siu, Chairman of Animoca Brands, took to social media to remind his followers of the growth experienced within the space. He compared last year's prices of ETH and BTC to their current valuation, noting the total market capitalization of Web3 has reached $1.4 trillion, exhibiting the industry's resilience.

Moreover, Bitcoin firm River provided a historical view, listing BTC prices on Thanksgiving for each year back to 2018 and advising patience during familial conversations about crypto - indicating that while prices fluctuate, the essence of such conversations remains constant.

Investor Insights

A shared tale from Thanksgiving dinner touched on the misconception of crypto being a 'boom and bust' scenario. A community member countered such claims by highlighting BTC's impressive 125% growth this year and its current standing around $37,000.

Another community member offered a metaphor, likening the crypto market to a turkey that requires the right amount of time to cook. They expressed gratitude for having the chance to invest in disruptive technology while acknowledging that success in the crypto market is not akin to a 'get-rich-quick' scheme but entails a steady, measured approach.

As some enjoyed spirited discussions on crypto around the dinner table, others noted the absence of crypto talk from their festivities. This underscores the diverse range of experiences within the community, with some members feeling content regardless of market sentiment.

community, gratitude, investment