In 2017, Bitcoin emerged from the depths of obscurity to become the hottest topic in global finance, captivating the imagination of millions and bewildering skeptics. It was a time when the very notion of cryptocurrency was shrouded in mystique, confusion, and skepticism. Financial experts, business executives, and investment gurus dismissed it with disdain, declaring it a passing fad or even a dangerous bubble. They couldn’t fathom that something so digital, so intangible, could ever hold real value. Yet, in the face of their skepticism, Bitcoin’s price skyrocketed with an astronomical and unprecedented rise.
In 2017, Bitcoin was the talk of the town—everywhere from boardrooms to coffee shops, from the elderly who barely knew how to use a smartphone to teenagers who were just beginning to explore the digital world. Everyone knew something extraordinary was happening, even if they couldn’t quite grasp its full implications. Bitcoin’s meteoric rise captured the public’s imagination and curiosity, despite the traditional financial world’s scorn.
The price of Bitcoin surged from under $1,000 at the start of the year to an astonishing near $20,000 by December. It was a year of dizzying gains, but it was also a year of polarizing opinions. Traditional financial institutions and their experts, who had long dismissed Bitcoin as a joke or a scam, were left stunned. Despite their disdain, the price of Bitcoin seemed unstoppable, and the narrative around it grew only louder and more pervasive.
However, as 2018 rolled in, the euphoria gave way to disillusionment. Bitcoin’s price plummeted, and the cryptocurrency market fell into a prolonged period of stagnation. For the next few years, Bitcoin lay dormant, with occasional surges failing to recapture the explosive highs of 2017. It was as if the digital gold had entered a deep slumber, its once roaring fire reduced to a faint ember.
Then came 2020, and with it, an astonishing resurgence. Bitcoin, the enigmatic phenomenon of the financial world, roared back to life with a vengeance. The price soared higher than anyone could have imagined, surpassing its 2017 highs. The gains were unprecedented, and the run was wilder and more exhilarating than ever before.
This resurgence was accompanied by a broader surge in stocks related to Bitcoin mining, blockchain technology, and cryptocurrencies. Companies involved in these sectors saw their stock prices rocket to astronomical heights. Stocks like Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and Bit Digital (BTBT) saw their prices increase by staggering percentages. For instance:
Marathon Digital Holdings (MARA) saw its stock price leap from around $5 in early 2020 to over $70 by early 2021, marking a jaw-dropping gain of over 1,300%.
Riot Platforms (RIOT) witnessed its share price soar from under $2 to over $80 during the same period, an increase of nearly 3,900%.
Bit Digital (BTBT) saw its stock price skyrocket from about $2 to over $30, translating to a gain of around 1,400%.
Other related stocks like Canaan Inc. (CAN), Ebang International Holdings Inc. (EBON), and Hive Blockchain Technologies (HMBL) also experienced dramatic increases. For example:
Canaan Inc. (CAN) surged from approximately $4 to over $30, marking a 650% increase.
Ebang International Holdings Inc. (EBON) saw its shares climb from under $1 to over $12, a remarkable 1,200% gain.
Hive Blockchain Technologies (HMBL) witnessed its price leap from about $1.50 to over $10, an increase of 567%.
This dramatic rise in related stocks underscored the profound impact of the cryptocurrency and blockchain boom. The theme of Bitcoin Mining and Blockchain Technology had taken over the investment world, driving the prices of these stocks to unprecedented heights.
For anyone paying attention, the opportunity to capitalize on this trend was glaringly obvious. With a simple Google search, one could find stocks related to Bitcoin and blockchain technology, and those who took that moment to invest reaped substantial rewards. The difference between life-changing money and missing out on a major opportunity often comes down to that one moment of clarity—of stopping, thinking, and acting.
In the whirlwind of financial markets, taking the time to notice the emerging trends and investing wisely can make all the difference. In the case of Bitcoin and its related stocks, a moment’s insight into the booming crypto sector could have led to incredibly lucrative returns. The crypto craze demonstrated a profound lesson: sometimes, the key to seizing a monumental opportunity lies in simply taking any random moment at any time to open your eyes and think just one question…”What stock can I buy related to…?”
