In case you missed it, Bitcoin is dominating the headlines again as it blows past $17,000, the highest value for crypto’s main squeeze since December of 2017. All eyes are on the ~$20,000 mark as exceeding this would move Bitcoin into new, uncharted territory and where it stops, nobody really knows.
While I don’t agree with people like Citibank analyst Tom Fitzpatrick who thinks Bitcoin will hit $318,000 in 2021, I do think these are still the very early days of crypto so seeing Bitcoin move past $20k does seem possible. Of course, what do I know? 🤷♂️
All that being said, what we’ve seen in the past is an increase in both interest and price in Bitcoin and crypto-related domain names. This year BitcoinPoker.com sold for $65,000 and last year BitcoinBoss.com went for $16,000 (Source – NameBio.com), and both these sales took place when people generally felt Bitcoin and the crypto craze had cooled off.
I think what this week has shown everyone is that crypto isn’t going anywhere, if you thought it was a fad, think again. The same goes for crypto domains, if you thought these domains were only valuable during the Crypto Craze of 2017, think again. I think we’ll be seeing a lot more crypto domains in the news, especially those centered around large players like Bitcoin and Ethereum.
But, like I said above, what do I know? 🤷♂️ I’m definitely not a crypto expert but I will be looking at the data and seeing what happens. Either way, there’s no doubt the world of digital assets, be it domains or cryptocurrency, just keeps getting more interesting every year!