Bitcoin’s Comeback: Willy Woo’s Hilarious Take on Crypto’s Rollercoaster Ride!

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So, grab your digital wallets and hold onto your hats, folks! Cryptocurrency guru Willy Woo has decided to grace us with his wisdom on Bitcoin dominance. And let me tell you, it’s juicier than a reality TV reunion special! 🍿 In February, Bitcoin dominance did a little happy dance for the first time since 2021, all thanks to our favorite reality star turned president, Donald Trump, who promised to slap high tariffs on imports from China, Mexico, and Canada. Because nothing says “let’s boost the economy” like a good ol’ trade war, am I right? 🙄

Bitcoin Dominance: The 2017 Drama

On February 17, Bitcoin dominance, which is basically Bitcoin’s way of saying, “I’m still the boss,” hit around 60.6%. But let’s rewind to 2017, when Bitcoin’s market share took a nosedive faster than a contestant on a dating show after a bad first date. Back then, it plummeted from a whopping 89% in 2016 to a mere 41%. Ouch! Talk about a glow-down! 💔

Fast forward to January 2025, and guess what? Bitcoin’s back in the game with a dominance of 71.3%! 🎉 This comeback can be attributed to a few key players: the launch of spot Bitcoin exchange-traded funds (because who doesn’t love a good ETF?), financial institutions finally deciding to join the Bitcoin party, and the fact that Bitcoin is now recognized as a “store of value.” You know, like that old couch you can’t throw away because it’s been through so much with you. And let’s not forget, the U.S. is now under the rule of a pro-Bitcoin leader. So, it’s basically a Bitcoin renaissance! 🥳

Willy Woo’s Crypto Wisdom

Now, Willy Woo, our crypto oracle, has identified three major blunders that sent Bitcoin dominance spiraling down in 2017 and beyond. He claims these hiccups coincide with “the last three cycles in crypto,” which is just a fancy way of saying, “Hey, we’ve all made mistakes, and it usually takes three tries to learn.”

2017: VCs dumping on ICOs

2020: DeFi rug pulls

2024: Meme coin pump and dumps

That’s the last 3 cycles in crypto. It normally takes 3 mistakes for people to learn.

This is why BTC dominance is climbing back to its proper equilibrium.

— Willy Woo (@woonomic) February 17, 2025

According to Woo, those blunders were venture capitalists throwing their money at ICOs in 2017, DeFi rug pulls in 2020 (because who doesn’t love a good scam?), and the meme coin chaos of last year. But fear not! Woo assures us that “BTC dominance is climbing back to its proper equilibrium.” So, it’s like a crypto yoga class, finding balance in the chaos! 🧘‍♂️

As of today, Bitcoin is trying to make a comeback with a slight rise of less than 1% after a dramatic 1.18% drop overnight. At the time of writing, BTC is trading at a cool $96,660. So, if you’re holding onto Bitcoin, just remember: it’s a wild ride, but at least it’s never boring! 🎢

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2025-02-17 18:24