Understanding the Significance of When Moon
When it comes to the realm of cryptocurrency, the moon holds a significant position in the culture that surrounds it.
If you encounter someone asking the question “when moon?”, it is likely that they are an impatient trader eagerly seeking information about when a specific cryptocurrency’s value is expected to skyrocket.
The term gained popularity in 2017, during a period when Bitcoin witnessed an extraordinary surge in value, leading to widespread excitement and anticipation regarding the future of the crypto markets.
It is quite common to hear crypto enthusiasts exclaim, “Bitcoin has reached the moon!”
Some cryptocurrency enthusiasts even humorously suggest that the phrase “Bitcoin to the moon” could symbolize the point at which its price reaches a level high enough to finance a tourist trip to and from the moon’s surface.
In fact, Scott Minerd, the chief investment officer of Guggenheim Investments, stated in December 2020 that Bitcoin’s value should be around $400,000 based on its scarcity and its value relative to gold.
The term “when moon” is also associated with novice cryptocurrency investors who enter the industry with hopes of making substantial profits.
For example, a cryptocurrency buyer might tweet, “I bought a bag of BTC at $22,000, when moon?”
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