At press time, Bitcoin is changing hands at $7,591 with a 4.43 price uptick over the last 24 hours. Hence, investors might pocket some of the highest returns this time around. The BTC price needs to surge three more percent in order to make it happen.
The chart below shows how the price of Bitcoin performed on Thanksgiving and shortly after the holiday. The chart below shows that 2018 was the most brutal year since the BTC price recorded a double-digit loss just three days after.
It's safe to talk Bitcoin now
According to CNBC's Melissa Lee, it is ok to discuss Bitcoin at the Thanksgiving table. This year, American families should traditionally steer clear of such topics as politics, immigration, and baseball (you do not want to get on the nerves of New York Mets fans).
Many Bitcoiners who talked their family members into buying Bitcoin during their Thanksgiving dinner in 2017 were probably roasted the following year instead of a turkey. The Bitcoin price was trading at $4,479 on Nov. 22, which represented a brutal 77 price drop from its all-time high of nearly $20,000.
As reported by U.Today, Bitcoin is still up by 92 percent in 2019 despite trimming 45 percent of its value since the end of July. Because of that, the orange coin might not be a sensitive topic for your relatives anymore. With President Donald Trump tweeting about Bitcoin and Facebook CEO Mark Zuckerberg launching his own cryptocurrency, one might definitely want to have a fruitful crypto-related discussion.
However, there's plenty of other things that might eclipse crypto this year. Elon Musk's Cybertruck will surely be on everyone's lips.
2 years ago, every Thanksgiving dinner table was talking about Bitcoin & cryptocurrency.— Jeff Morris Jr. (@jmj) November 27, 2019
A few topics if you want to stir the pot tomorrow night:
4. AirPods Pro
Crypto Twitter shares a turkey
Meanwhile, multiple industry leaders have taken to Twitter to share their Thanksgiving congratulations.
Happy Thanksgiving! Have a big turkey! https://t.co/mEBwwzT8YK— CZ Binance (@cz_binance) November 28, 2019
grateful for all of you crazy people on crypto twitter - i don’t always agree with you, but you keep it 💯— Meltem Demirors (@Melt_Dem) November 28, 2019
wishing everyone a happy thanksgiving holiday with their friends, family, and loved ones
U.Today wishes our readers Happy Thanksgiving and stellar crypto gains!