In perhaps the most memeable occurrence in internet history, the price of bitcoin hit $42,069 yesterday on April 20.
Yes, Bitcoin hit $42,069 on 4/20. You can’t make this stuff up.
The cryptocurrency grew by 2 per cent on a day that has become universally known as the celebration of all things cannabis and meme culture.
The two commonly memed numbers, 420 and 69 joined forces to create an internet event of sizeable proportions with users online celebrating the phenomenon.
One user said: “Ladies and gentlemen, we got him.”
While another said: “Irony isn’t lost on the markets.”
Bitcoin’s all-time high surged to $69,000 back in November 2021, while the second-biggest cryptocurrency Ethereum hit close to $4,200 at the time.
It led to Tesla CEO Elon Musk tweeting a pretty hilarious picture of the dream scenario for both crypto buyers and internet users.
Musk has a pretty funny obsession with the two numbers. He once decided to slash the price of the Tesla Model S series down to $69,420 back in October 2020.
While the $42,069 price is hilarious in itself, it is a fair way off the initial price that Bitcoin and meme lovers were hoping for back in 2021.
Since hitting its all-time high, the cryptocurrency saw a sharp increase along with the rest of the crypto market, with Bitcoin dropping to almost 50 per cent of its all-time high value, to $35,070 in January this year.
Bitcoin saw an increase in price in March before once again dropping this month.
$69,420 bitcoin price will break the internet.— Pomp 🌪 (@APompliano) October 15, 2021
Of course, the news isn’t all bad with the $42,069 price tag enough to keep many would-be crypto investors interested in the leading cryptocurrency.
However, you may want to think twice about getting into the crypto game.
A recent study revealed that the average crypto investor has psychopathic tendencies with little regard for those around them.
Researchers from The Queensland University of Technology surveyed 556 participants who identified as crypto investors and found they showed signs of the ‘dark tetrad’.
In psychology, ‘dark tetrad’ refers to someone who displays narcissism, Machiavellianism, and psychopathy.
Or perhaps, crypto investors just enjoy memes and money?