The Great Bubble of 2011 & Bitcoin as Legal Tender


Details
There's something surreal about reflecting on previous all time highs for Bitcoin. According to 99 Bitcoins, Bitcoin has died 449 times (source: https://99bitcoins.com/bitcoin-obituaries/) throughout its 13 year history and yet it seems to be the "bubble" that never truely pops, the "fad" that just won't truely die. "The great bitcoin bubble of 2011" is celebrated on June 12th where Bitcoin peaked at $31.91 before crashing resulting in Bitcoin's death. RIP Bitcoin 2011. I'll talk about bear market experiences and what drove me to stay in despite its "death" in 2017. If you are also a hodler who has seen a bear market before, I'd love for you to join me in sharing your experiences.
On the 9th of June 2021, El Salvador declared Bitcoin as legal tender in their country, which required all merchants to accept it (unless they did not have the means to accept it). This holiday is very new and as such I won't be able to say much about it other than what I know so far about its adoption in that country, some businesses that sell products with a sort of Bitcoin brand, and the negative Bitcoiner reaction to the law (as a lot of Bitcoiners agree that coersion is not neccesary for Bitcoin's adoption).
We will celebrate both of these events on the same day. Attending just to network and drink coffee is perfectly acceptable.

The Great Bubble of 2011 & Bitcoin as Legal Tender