Crypto Drama: Will 2025 Be a Déjà Vu of 2017? 🤔💸

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So, here we are, folks! Raoul Pal, the crypto oracle and co-founder of Real Vision Group, has decided to play Nostradamus and draw some rather cheeky parallels between the crypto market of 2025 and, wait for it, 2017. Apparently, the macrostructure is “very similar.” Well, isn’t that just delightful? 🙄

Back in the good old days of 2017, Bitcoin had a bit of a rollercoaster ride, with five major pullbacks that lasted a couple of months. You know, just enough time for you to forget your password and lose your phone! 📱💔

Meanwhile, altcoins were having their own drama, with corrections that could make a grown man cry—up to 65%! Talk about a wild party! 🎉

But fear not, dear reader! These pullbacks were merely “noise,” according to our wise analyst. “Go do something else more constructive than stare at the screen,” he advised. Like knitting? Or perhaps learning to juggle? 🤹‍♀️

Fast forward to today, and Bitcoin has decided to take a little dip, slipping to an intraday low of $93,775. Just 13.3% away from a new record high! It’s like that friend who always shows up late to the party but still manages to steal the spotlight. 🌟

Let’s not forget that Pal himself had a moment of weakness back in 2017 when he sold his Bitcoin in May, claiming his reasons for owning it had “diminished.” Classic case of FOMO, right? Later that year, Bitcoin skyrocketed to nearly $20,000, leaving him wondering if he should have just held on a bit longer. Oops! 😬

In December, Bitcoin finally broke the $100,000 barrier for the first time. But since then, it’s been a bit of a snooze fest. Yawn! 😴

Last week, Bitcoin almost made a triumphant return to that magical level, but then the $1.4 billion Bybit hack happened. Talk about a plot twist! 🥴

And according to Bloomberg, altcoins are currently feeling the heat, suffering from negative vibes after various meme coin failures. Who knew crypto could be so dramatic? 🎭

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2025-02-25 00:02