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Any power of 10 is a milestone number. Bitcoin crossing $100, $1000, $10,000 were all significant milestones. As humans we like to reduce information so we th
by deweller 9y ago
Any power of 10 is a milestone number. Bitcoin crossing $100, $1000, $10,000 were all significant milestones.
As humans we like to reduce information so we think in terms of milestones.
A typical conversation might go like this:
"What is the price of Bitcoin? $9,400. Oh - it fell below $10,000, wow!"
- seba_dos1 9y agoI'm not sure if the dollar pricing is actually the most significant one when it comes to Bitcoin market, so I wouldn't actually put any significant meaning to round numbers in BTC/USD price.