Cryptocurrency Bitcoin (BTC) has given rise to a multitude of memes since its inception in 2009, with the community creating humorous images to reflect its highs and lows, as well as other related events.
On March 8, 2024, Bitcoin reached a new all-time high (ATH) price of $70,199, surpassing the previous record of $69,000 set on March 5, 2024. This milestone has sparked significant attention on social media, leading to the creation of numerous Bitcoin ATH memes.
One notable meme revolves around the connection between the movie Dune: Part Two and Bitcoin’s historic ATHs. The meme highlights the coincidental timing between the announcement of the movie, the premiere of its first part, and Bitcoin’s ATHs. It also draws on the existing meme base that references Frank Herbert’s science fiction novel Dune, which shares similarities with Bitcoin in terms of decentralization and limited supply. By combining these themes, the creators of the meme draw parallels between the scarcity, value, and power dynamics in the fictional world of Dune and the real-world phenomenon of Bitcoin.
Another notable artwork by Lina Seiche focuses on the concept of Bitcoin ATHs. Rather than a traditional meme, Seiche’s art emphasizes the similarity and yet difference between the most recent ATH and the previous one set two years ago. The art aims to address any skepticism regarding Bitcoin’s price record and highlight the significant industry events that have contributed to the latest ATH, such as the successful launch of spot Bitcoin exchange-traded funds and growing adoption by nation states and Wall Street.
The Bitcoin ATH has also generated attention through other memes, such as one that humorously references the attention received on social media and direct messages from past partners. Additionally, there are memes that poke fun at those who bought Bitcoin at $65,000 in 2021, highlighting the rollercoaster ride of Bitcoin’s price and the uncertainty surrounding its future growth. Another meme sarcastically plays on the narrative of Bitcoin haters, who claim it is a scam, by pointing out that they could have purchased Bitcoin for only $3 in 2011.
Other memes focus on the timing of buying Bitcoin, particularly for “no-coiners” who do not own Bitcoin. These memes highlight the tendency for some individuals to realize they should have bought Bitcoin only when it reaches new ATHs, forgetting that they had the opportunity to purchase it at lower prices.
Lastly, the John Cena Bitcoin meme created by Cointelegraph’s social media expert Sohail Shaikh celebrates the patience of hodlers (long-term Bitcoin holders) amidst the excitement of new ATHs. It serves as an ode to those who have remained steadfast in their belief in Bitcoin’s potential.
Overall, these Bitcoin ATH memes reflect the creativity and humor of the cryptocurrency community, capturing the ups and downs of Bitcoin’s journey and the emotions surrounding its price milestones.