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Bitcoin hit a new ATH of $69,000 yesterday and we have good reason to believe that it will be attaining the ultimate meme value of Bitcoin 69420 sooner than most think it will. Currently, BTC is changing hands at $65,000+ after a small pullback (no pun intended) indicating healthy momentum and another push to break through the ATH again soon. But, what’s the significance of Bitcoin 69420 and how is it the ultimate meme value?
Actually, we are certain that most of you don’t need any introduction to this internet native meme – but we are aware that crypto is converting no-coiners to coiners at an alarming rate. So, let’s see the ultimate meme value of Bitcoin 69420. It’s a multiple of 89 and 780 as Urban Dictionary tells us in Captain Obvious style.
Apart from that mathematical reality, it’s actually a reference to the 69 sexual positions while smoking cannabis – it has been widely used by Elon Musk, the world’s richest man who priced and announced the Tesla Model S to cost $69,420 and of course, it cost exactly that later.
The gauntlet has been thrown down!
The prophecy will be fulfilled.
Model S price changes to $69,420 tonight!
— Elon Musk (@elonmusk) October 14, 2020
Similar was the case in Aug 2018, when Elon Musk went a little overboard and announced that he was considering taking Tesla private at $420 – again a reference to the cannabis culture. He was joking, but the Securities and Exchange Commission (SEC) wasn’t impressed and accused Musk of manipulating markets. He later stepped down as Tesla’s Chairman.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
The world’s most valuable cryptocurrency does appear to be near the ultimate mem value of Bitcoin 69420 and is likely to pass it, before the end of this month. When that happens, expect the internet to break amidst the broken simulation and a strange timeline that we live in currently. Would you enjoy 69 while getting high? Probably. So would the people getting a significant rise in their net worth.