3 Past Cases Of CoinMarket Jackpots
1. Bitcoin Price Surge in 2011: In the early months of 2011, Bitcoin transcended its role as a mere investment tool, garnering increased emphasis as a currency. The prices soared, resulting in substantial profits for early Bitcoin investors.
2. 2017 - Ethereum and the ICO Boom: The year 2017 witnessed the rise of Ethereum and the advent of Initial Coin Offerings (ICOs), attracting a plethora of investors to novel cryptocurrency projects. Several ICOs achieved remarkable success, delivering significant profits to investors.
3. 2020 - Bitcoin Reevaluation and Corporate Investments: In 2020, corporations recognized Bitcoin as a financial asset, leading to substantial investments. Tesla, notably, garnered widespread attention by purchasing approximately $1.5 billion worth of Bitcoin in early 2021. This move contributed to the surge in Bitcoin prices, providing substantial profits to investors.
What will be next?
I think the last case was a real game changer, as it introduced big players into the space and crypto became recognized by them. I'm not sure what will be next but it seems that it isn't that far away from happening :)