A Crypto Investor’s Heartfelt Letter to Santa

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Christmas is just around the corner, and most crypto investors’ wishlists are much longer this year than the year before. On Christmas Day 2017, the price of bitcoin was trading at $14,000 because bitcoin had finally gone mainstream and “everyone” was a buyer.

This year, the picture looks very different. Bitcoin is trading around the $4,000 mark, the ICO market is dying, exchanges all want to KYC everyone now, and the altcoin market is down by over 90 percent.

Clearly, there is only one person who can help us now. No, it is not John McAfee, Vitalik Buterin, or even Satoshi Nakamoto himself. The only person who can possibly help us now is none other than Santa Claus with his all-mighty powers of gift giving. So, it’s time to write him a crypto wishlist for 2019 and hope for the best.

Dear Santa,

It has been a tough year for cryptocurrency investors. I am sure many have heard that bitcoin was a bubble and has now popped. A Bloomberg columnist said so, so it must be true.

And look at Ethereum, the number of active wallets has increased substantially, the amount of ETH sent per transaction has doubled, and the number of smart contracts deployed hit 1.5 million but its price is down 85 percent, and it now ranks below than the “banking cartel coin” XRP in terms of market cap.

And ICOs? Well, observers all knew that most of them were never going to turn into anything but 95+ percent price drops. Plus, the community is still waiting on Elon Musk to send them their ETH……….

 

 

 

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