Bitcoin's $100K Leap

Bitcoin Defies Critics with New Heights

Author

Jungle Degen
December 07, 2024

Greetings Crypto Explorers! 🌴🦜

This week, we're roaring with excitement as Bitcoin leaps to an extraordinary $100,000, defying critics and captivating the crypto jungle. Amidst the buzz, we spotlight intriguing headlines like Trump's nomination of Paul Atkins as SEC chair, Powell's take on Bitcoin, and BlackRock's staggering IBIT growth. Plus, dive into the vibrant world of NFTs with Pudgy Penguins soaring high and catch up on the latest meme madness. Get ready for an exhilarating ride through the dense crypto jungle!

As always… Stay Wild! 🌿🦁🚀

🦍 The Big Jungle Roar

This week's monumental event that shook the crypto-jungle. Roar with us!

Bitcoin at $100K: How the media’s perception has shifted since 2009

cointelegraph.com/news/bitcoins-change-in-media-perception-from-0-to-100000-dollars

Swinging through the dense crypto jungle, we celebrate Bitcoin's adventurous leap to an extraordinary $100,000! From its humble beginnings and the departure of its mysterious creator Satoshi Nakamoto, Bitcoin has weathered a storm of skepticism and criticism from mainstream media over the years. Publications like Forbes and CNN once doubted its viability, calling it everything from a "huge red flag" to an "energy glutton," but Bitcoin has proven resilient, maneuvering through the vines of negative press with agility and strength. 💪🌱

From early criticisms about its liquidity and security to concerns over anonymity and energy consumption, Bitcoin's journey has been anything but straightforward. Yet, as the digital landscape evolved, so did perceptions. The 2010s saw Bitcoin gaining traction as financial experts began recognizing its potential for security and cross-border transactions. By the early 2020s, the narrative shifted further as institutional interest surged, partly fueled by the approval of Bitcoin ETFs. 📈🏦

Despite ongoing debates about its role as a currency versus a store of value, Bitcoin continues to captivate the degen spirit with its unpredictable yet exhilarating ride. As we watch Bitcoin's price soar and ETFs attract billions in inflows, we can't help but wonder if mainstream media will finally come around or if they'll remain hesitant. In this wild crypto jungle, we keep our eyes peeled for the next big swing in Bitcoin's journey. Will the next milestone come faster than the first $100,000? 🍃🚀

📈 News about Base:

🦁 King of the Crypto Jungle

Unleashing the top beasts of this week's crypto news. Beware, it's a wild ride!

🐒 Meme Monkeys

Hopping onto the funniest and savviest crypto memes that swung through the jungle this week

🦜 Jungle Mystery of the Week

Can you solve our crypto-themed riddle? The answer lies hidden deep within the jungle. Share your guesses on Twitter and tag us! (we may gift someone some crypto 👀)

In the depths of the crypto jungle, a puzzling phenomenon unfolded, leaving even the most seasoned explorers scratching their heads. Rumors spread of an elusive landmark, whispered to hold a secret of immense value, yet visible only to those who dared to venture beyond familiar paths. It was said that a magical threshold, marked by a cryptic number, signified the turning point for a new era of digital treasure. Many sought this hidden marker, believing it to unlock untold potential and fortunes. As stories spread like wildfire, one question remained on everyone's lips: what is the mystical figure that signals this pivotal moment in the crypto wilderness?

🦩 Tweets from the Jungle

Check out these wild crypto tweets that have made it to the jungle!

🐊 Crypto Swamp Watch

  • Bitcoin (BTC) - $99,435.45 (2.86%)

  • Ethereum (ETH) - $3,996.03 (9.32%)

  • Top Gainer: Curve DAO Token (+126.49%)

  • Top Loser: Raydium (-13.55%)

    Snapshot taken on the 6th of December, around 10:97pm, Jungle time.

🍍 Jungle Poll Parrot

Join our parrot's poll! This week's squawk…

What’s the wildest take on Bitcoin from the mainstream media?

Login or Subscribe to participate in polls.

🐯 Jungle Snapshots

Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!

The ocean at $100k btc

👋 That's all for this issue of Jungle Tales! As we part ways, let's remember the wise words of a crypto degen:

In the crypto jungle, hype can often be as alluring as a vibrant flower, drawing in explorers with promises of instant success. Yet, seasoned adventurers know that beneath the colorful exterior, the path can be treacherous. Hype, much like a fleeting mirage, can lead you astray if you chase it blindly. Instead of being swayed by the noise of the crowd, let your journey be guided by careful analysis and a firm grasp of fundamentals. Remember that true value is often found beneath the surface, requiring patience and diligence to uncover. In this wild world, those who thrive are not those who follow the loudest calls but those who tread their own path with wisdom and foresight.

Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on TwitterX.

Until next time, keep exploring the wild world of crypto!

Pura Vida,

Jungle Degen

JUNGLE WARNING: Hear me, ye dauntless navigators of the crypto wilderness. This parchment holds no keys to monetary splendor. Consider it more of a cryptic map of the jungle, teeming with teachings, not a treasure chest marked with an 'X'. It neither mutters veiled secrets of investment, nor beckons you to swap your prized assets or enact any fiscal transactions. In this unpredictable crypto habitat, caution is your most trusted ally, and your own robust investigation, the steadfast compass. Equip yourselves with the shield of wisdom, as you traverse the intricate network of paths. Remember, swift success is often a false trail; it is through enduring patience, adroit maneuvering and careful strategy can you navigate this mysterious landscape. The jungle is vast and filled with enigmatic conundrums; let your own diligent research be the torch that dispels shadows. Don't be lured by the glimmering illusion of quick profits, but bend your will to the pursuit of genuine understanding. Keep your wits about you and eyes wide open on this crypto-quest. To cut a long story short, this is NOT financial advice. Safe travels, crypto explorers!