Bitcoin Boring at $100K?
Happy Bitcoin Friday! — May 16, 2025
Bitcoin Boring at $100K?
Bitcoin is in rare air.
All-time high territory.
It’s up more than 40% since the April lows. Nearly 60% over the past year. Bitcoin keeps doing the unthinkable—and no one seems to care.
For the past week, bitcoin has held above $100,000. It’s only traded near or above $104,000 for about two weeks in its entire history.
So... is bitcoin boring now?
The answer, of course, is no.
What we’re seeing is a period of consolidation—a natural and healthy phase in any market cycle. But these stretches of sideways action tend to generate apathy, especially from non-bitcoiners. While we’re still paying close attention, it’s volatility that grabs the headlines and draws in new eyes.
Back in December, when bitcoin first crossed $100,000, I wrote about this exact idea: acclimatization.
When mountaineers ascend to extreme altitudes, they pause at various checkpoints to acclimate—to let their bodies adjust to the thin air. It’s not a pause in progress. It’s a necessary phase for going higher.
We’re in a similar moment now.
From November 2024 to February 2025, bitcoin traded in a range between ~$90,000 and $110,000. In January, it hovered just above $100,000 for almost two weeks straight to close out the month. What we’re seeing now feels similar. The market is catching its breath.
Key Levels: The $100K Frontier
I’ve written before about the psychological and technical significance of large round numbers in bitcoin.
$20,000 was a hard ceiling for nearly three years between market cycles.
$60,000 became the next cycle’s major resistance.
$30,000 and $40,000 acted as interim battlegrounds.
When FTX imploded in late 2022, bitcoin briefly dipped below $20,000—but it quickly found support there. What had been resistance became a new floor.
Now, $100,000 is the new frontier—a milestone that feels surreal but is rapidly becoming familiar.
Bitcoin isn’t boring. It’s adjusting. Consolidating. Acclimating to a new altitude.
And when it’s ready, it climbs again.
Saylor Strikes Again
If you have time this weekend, make it a point to listen to Michael Saylor’s 2025 keynote at Bitcoin for Corporations. If you can watch it, even better—the visuals are simple but striking, reinforcing his message with clarity.
Once again, Saylor cuts through the noise. He continues to distill the bitcoin thesis into something sharper and more urgent, and that message is only becoming more relevant with time.
At one point, he says: “Courage is in much shorter supply than genius.”
He’s referring to the brilliant minds who can process complex information, analyze every angle, and understand all the moving parts—yet still talk themselves out of action.
They see the risks, they write about them, they debate them. But while they’re thinking, the idea they hesitate to embrace is already changing the world.
“Success,” he says, “comes from a willingness to acknowledge reality, embrace a new idea, do the work, take a risk, and execute.”
Too many people still haven’t done the work on bitcoin.
Too many dismiss it—even as it continues to operate with near-perfect uptime for over 16 years, as a decentralized, open-source monetary network with global reach.
Too many are paralyzed by the idea of risk—even when that risk amounts to a 1% (or smaller) allocation to bitcoin in their personal portfolio or on a corporate balance sheet.
So yes, bitcoin may seem boring to the outside world, even at $100,000. But that’s only because they’re not paying attention.
We are. We always have been.
And we’ll continue doing the work—staying available to answer questions, offer guidance, and help more people see what’s right in front of them.
I’m excited for what this summer holds—for bitcoin and for me personally. We’re entering the second half of the bull market, and the price levels I’m watching haven’t changed. You can check those out here.
Keep Reading
Get the Bitcoin 101 Guide:
3 Key Bitcoin Metrics:
Enjoy the weekend!
I am not an investment or financial advisor. All opinions expressed are mine alone. Read the full DISCLAIMER on the About page.
HODL on Garth.