Flying High: Why Bitcoin Fans Are Screaming About Hitting $42,069

Author Gene Wolfe once wrote, “We believe that we create symbols.” “The truth is they invented us. We are their creatures, shaped by their hard edges.

Many in the crypto ecosystem, then, rejoiced on Tuesday with the news that Bitcoin crossed a strong symbolic price of $42,069.

Numerology, a reference to cannabis culture and a shared sexual position, has long dominated the hearts and minds of crypto traders and advocates.

As meme numbers, 69 and 420 have gained particular significance in Internet circles over the years. Their combined appearance is often heralded as an auspicious sign.

Many Twitter users celebrated Bitcoin's recent crossing of the $42,069 mark when it first occurred on Monday evening, and then again on Tuesday when BTC took the picture again after dipping slightly. The coin has since gone on to top $44,000 in writing. CoinGecko.

Some even pay homage to the great festival by offering small amounts of marijuana.

This is not the first time that BTC has crossed the mythical 420-69 mark. On three other occasions – twice in 2021 and once in 2022 – the world's top cryptocurrency has surpassed the number while on an upward trajectory.

But this most recent event has special significance. After more than a year and a half of terrible fortunes, Bitcoin-with many others Cryptocurrencies And Digital assets– Currently a Amazing return. Many are hoping that the recent breakdown of the 420-69 stamp will mark the end of the ongoing crypto winter and finally usher in an unequivocal crypto bull market.

In such a miracle, followers of the magic of meme numbers have already set their sights on another goal, one that has long been considered their holy grail: the often imagined but unrealized rise of Bitcoin to $69,420.

At the end of 2021, BTC briefly cleared $69,000, before falling again to provide many cryptocurrency traders with a cathartic battle that was hotly anticipated.

If BTC makes history and breaks the promised barrier this time around, the event will surely rock the world—although some heirs will struggle to properly celebrate the event, at least as this Twitter user put it:

Edited by Andrew Hayward.