Pot o’ Bitcoin at the End of the Rainbow?

Catch a Leprechaun to Get His Digital Gold
By 
Coin Cloud Team
, published on 
March 17, 2021
Pot o’ Bitcoin at the End of the Rainbow?

If catching a leprechaun means you get his pot of gold … do you have to catch a digital leprechaun to be rewarded with digital gold? Or do you have to catch a bitcoin miner instead?

Well, bitcoin miners are the ones who get rewarded with digital gold, the affectionate pet phrase for bitcoin. So that would make sense. Sort of.

Anyway, Happy St. Patrick’s Day!

St. Patrick was the patron saint of Ireland, and St. Patrick’s Day honors the day he died. The holiday has been observed for over 1,000 years, and comes with folklore and symbols that include lucky four-leaf clovers (a.k.a. shamrocks), green top hats, and leprechauns fiercely guarding their pots of gold at the end of the rainbow.

You might also encounter green beer and Celtic music in Irish pubs, where they’re more likely to casually refer to the holiday as St. Paddy’s Day.

As you’re hoisting a wee pint o’ green beer to your lips, pondering how to catch a bitcoin-mining leprechaun (which seems like your best bet for a lucky payout), don’t forget to pay homage to the digital gold that has been making its own history over the past year.

Bitcoin’s Phoenix Journey

In March 2020, upon news of the pandemic’s national emergency, Bitcoin took a dive, crashing and burning along with the rest of the financial industry. Over the past 12 months, it has risen from those ashes like a phoenix, reaching a value of 15x. From $4k to $60k is certainly not too shabby.

But if you go back 10 years, Bitcoin was only worth a buck. Not even enough to buy that pint of green beer. So, the little coin that could has had quite the impressive 10-year run.

While the Irish treasure their stories about St. Patrick banishing snakes from Ireland with a wooden stake, Americans love a good underdog story. The Bad News Bears, The Mighty Ducks, The Sand Lot, Hoosiers, Rudy, Rocky, A League of Their Own, Bring it On … the story’s been told over and over by Hollywood.

A True Underdog Story

But sometimes the underdog-turns-hero stories that happen in real life are the best ones. Like how Bitcoin came out of that crash a year ago, and left its previous records in the dust.

As COVID-19 had people around the world facing cutbacks and limitations, bitcoin values steadily climbed throughout the summer and fall. And then its price started hitting new all-time highs at the end of 2020, for the first time in three years. It was just like watching one of those aforementioned sports movies (any one of them, really) and feeling the joy as the underdogs took the prize.

So, if there really is any luck to be associated with today, it seems like the luck o’ the digital gold is among the most compelling.

If you’d like to fill your own pot instead of waiting to come across a leprechaun, you can buy bitcoin (and over 30 altcoins) with cash at any Coin Cloud machine.

Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.

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