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For me, this headline sums up the fiat clown world of 2021. For Bitcoiners, “brrr” has summed up the insanity of current monetary policy for a long time, and none of us are surprised in the least to see it culminate in serious inflation.

The disconnect between sanity and policy, between truth and propaganda, has never been bigger in my lifetime, than it became in 2021. The importance of Bitcoin has, as a consequence, never been more obvious than right now.

2021 has been the biggest year yet for Bitcoin, as I expect every year in the foreseeable future will continue to be. It has been a year that once again underlined the importance of low time preference, zooming out and having conviction, or “HODL” for short.

We started off the year at a $29,000 bitcoin price, rallied up to $64,000, crashed back to $29,000, back up to new all-time highs at $69,000 and back down to $48,000 at the time of this writing. Feelings like greed and panic have led many to lose parts, or all, of their stacks, and it has taught thousands of people the wisdom of staying humble and just stacking sats.

Lightning Network Progress

The bitcoin price is up by around 70% since the start of the year, but this is not the only number that has gone up. Bitcoin has continued to mature as a medium of exchange through strong growth and innovation on the Lightning Network. 

The number of Lightning nodes and channels have more than doubled, going from about 15,000[2] to 31,000[3], and from about 36,000 to 82,000

Read more from our friends at Bitcoin Magazine