The digital gambling tokens known as cryptocurrencies are having a fantastic year, and I imagine SBF is hurling himself at his prison cell bars if he has any awareness of how much the industry has recovered. Bitcoin is still about $13,000 below its lifetime high, but it has had an absolutely amazing run since the autumn of 2022. Notice its continuing relationship with the rainbow.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_BTC-2-640x343.jpg)
My preferred crypto, Ethereum, is also having a grand old time, blasting well above $3,000.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_ETH-2-640x343.jpg)
In turn, naturally, the crypto-related equities, such as Coinbase, has padding their gains.
![](https://slopeofhope.com/wp-content/uploads/2024/02/slopechart_COIN-3-640x343.jpg)
My declaration that the introduction of Bitcoin ETFs would mark some kind of top was spot on……….for a few weeks! Since then, however, the crypto crowd has absolutely roared ahead with victory.