Seven Things to Tell Your Crypto-Curious Relatives at Thanksgiving

It's turkey time, and you know what that means: mountains of food, lots of seating, and endless conversations with family members who describe what you do as “computers” while you spend time.

Well, fear not, dear reader, because this year won't be like last Thanksgiving. Crypto is no longer in a bear market, and your cousin won't think you're a fraud anymore.

Now crypto is booming again — and everyone is looking for financial advice, just like Thanksgiving three years ago.

Below is a compilation of useful talking points for your crypto-enthusiast relatives covering the industry's most important and recent developments. Stick to the facts, ditch the shilling meme coins for the elderly, and you'll be on your way to cake in no time.

Bitcoin Hits All-Time High – Why?

Bitcoin came within a few hundred dollars of last week's $100,000 stakes, and although the price retreated a bit, it was back above $97,000 earlier Wednesday.

What is the demand that has pushed the price of Bitcoin to record highs in recent weeks? Institutional and retail investors have expressed hope for a more favorable regulatory environment for digital assets in the US.

It's thanks to the victory of self-proclaimed crypto enthusiast Donald Trump, along with the most pro-crypto congressional election to date.

Meanwhile, the surge of institutional investors into the space has led traders to be optimistic about the year-over-year rise in Bitcoin prices. In short, Bitcoin is more “legitimate” than ever in the eyes of Wall Street and politicians.

ETFs have made crypto investing easy and safe.

Your folks may have heard that BlackRock and Fidelity—which may be managing their pensions—are now involved in Bitcoin. What are these two Wall Street giants doing with crypto? Well, you can explain: swallow an orange pill.

Okay, so maybe you don't need to use crypto Twitter jargon. Still, you can tell that traditional financial giants now offer exposure to the two biggest digital assets, Bitcoin and Ethereum. Through exchange-traded funds (ETFs)..

Thanks to long-awaited SEC approvals this year, top fund managers who manage various ETFs now allow ordinary investors to buy shares that track the price of the two through brokerage accounts. Even your technophobic aunt can download an orange pill with a double tap on her phone.

Crypto may grow even more under Trump.

On the campaign trail this year, he made a lot of promises about a lot of things, including Trump. Crypto. And while it remains to be seen whether he will keep many of those promises, signs are already pointing to his end of the bargain – a major development for the industry.

First things first: last week, the elected president appointed Scott Besant as Treasury Secretary Besant, a billionaire hedge fund manager They pointed out He pushed back on Trump's proposal to establish a federal reserve for Bitcoin. of Plan It will see the US buying billions of dollars worth of Bitcoin.

Think of it this way: If your uncle says that Bitcoin has no real value, you can soon tell him that the US government is backing the asset.

Combine that with Trump's plan. Say loose The SEC aggressive Crypto Crack FullThe Republican-controlled House and Senate took the oath of office to approve it Laws That would legitimize a lot of crypto activity quickly, and it's no surprise that crypto does. It exploded In recent weeks. Experts say the market is still plentiful and high. exit In the coming months as well.

Elon Musk's DOGE is a real thing.

The world's richest man, Elon Musk, now has a role in the Trump administration: CEO of Tesla lead Department of Government Efficiency (DOGE) with billionaire Vivek Ramaswamy to clean up the bureaucracy.

But what does that have to do with crypto? Well, the acronym of the new department matches the brand Dogecointhe original and most meme coin. That was probably a coincidence.

Elon Musk has said for many years – and He tweeted.– How his favorite coin is. This has earned him “The Doge's Father.” Title on Twitter, now called X, he later obtained platform. While we can't be 100% sure of the origin of the name, Trump is selling a DOGE-themed t-shirt featuring himself, Musk, and his Shiba Inu.

Anyone can create a coin – and millions are trading.

Don't want to decide between Bitcoin or Ethereum? If you want to launch your own token instead, you can now do it more efficiently than ever.

One of the most important innovations in the recent crypto cycle is the creation of token launch boards or platforms that allow anyone to instantly create crypto value with a few clicks and a few cents.

The most popular launch pad, Pump. FunThe platform based on Solana, gave the most memorable signs of this cycle. About four million tokens have been created on Pump.fun this year, including animal tokens Early traders offered great wealth For those It was started by famous crypto-enthusiasts Like musician Iggy Azalea.

Crypto is getting easier to control.

Crypto adoption barriers are falling. Consumers now have one A wide range of mobile applications Options to buy, sell and interact with different platforms.

Also, add Smart walletsIt greatly simplifies the onboarding process, making it easier for those previously intimidated by crypto's technical complexities to participate on chain.

With the start Ethereum and Bitcoin ETFsThose looking to gain exposure to crypto have more traditional financial options. That option didn't exist last Thanksgiving in America.

Tread carefully: Scams still abound.

Looking to dive headfirst into crypto? Not so fast – you'll want to get your sea legs first.

The crypto industry is full of scams, and a seemingly innocuous link to an airdrop can lead you to a wallet drain: goodbye to all your coins!

Although you can keep your crypto out of the control of fraudsters, there is no guarantee that your holdings will not go to zero. Not many people make money trading crypto, and very few people are getting rich with it. A report published in shows that up to 80% of day traders lose money over time Financial Journal.

It's still incredibly easy to lose your shirt in crypto, whether by clicking on a malicious link or betting on high-volatility coins. For newcomers like Coinbase, Robinhood, Cash App, or buying ETFs, you're most likely to post the most valuable coins.

Want to go deeper? Be very careful – you will be grateful in the long run.

Written by Sander Luz, Elizabeth Napolitano, Matt DiSalvo and Logan Hitchcock

Edited by Sebastian Sinclair.