Christmas dinner crypto talk: The menu promises to be much better this year

It’s the most wonderful time of the year again, with the holiday season in full swing, Christmas just around the corner, and families gearing up to celebrate with special dinners. This year, Christmas family dinner may be less awkward for crypto proponents who had the tricky task in 2022 of explaining why everything had collapsed around the digital currency ecosystem.

That’s because things have changed again for crypto — rapidly — over the past quarter, with Bitcoin (BTC) recovering above $40,000 and most altcoins already having won back more than half of the value they shed during the bear market. With a critical bull run catalyst in the form of Bitcoin’s block reward halving just months away, this is an excellent time to be “the crypto person” at Christmas dinner.

Indeed, there’s no better time to be a crypto bro at any family gathering than just before a bull run. Topics of discussion can leap from crypto investment advice to what’s on the regulatory front, memecoins, nonfungible tokens (NFTs) and much more. Cointelegraph has prepared an outline of topics and discussions that might come in handy to answer any family members’ curious queries.

Bitcoin’s fundamentals

The crypto ecosystem began with Bitcoin in 2009, and throughout the years since, it’s been written down and pronounced dead hundreds of times. However, the OG cryptocurrency has proven everyone wrong on all those occasions, going on to record new price highs each cycle. Starting from zero, BTC reached a new all-time high of $69,683 during the peak of the 2021 bull season and is currently sitting above $40,000, potentially on its way to breaking past its previous ATH.

A primary reason for BTC’s monumental growth over the past decade has been its solid fundamentals, which have not only helped it grow exponentially but also led institutions and governments who at one point were dead against it to accept it. The capped supply of 21 million coins, paired with its block reward halving every four years, has created an ideal balance of supply and demand, helping it climb to new highs and reach new acceptance.

Bitcoin’s highly decentralized nature has made it nearly immune to the government-enforced regulatory crackdowns many other cryptocurrencies have faced. After the next block reward halving, which is expected in Apri

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Author: Prashant Jha

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