Just in case you hadn’t heard, or are annoyed that folks aren’t writing about it: Bitcoin is rallying, up around 16% in the last week to a value of a little more than $18,000 as of this morning.

Here’s a chart of its recent gains, via YCharts (note, it’s a tiny bit behind, so use the chart as a directional instead of absolute tool):

What else is there to say about the rally? We could note that bitcoin miner revenue remains far below its historical peaks, despite some recent gains. We could also point out that the aggregate value of all mined bitcoin in the wild is at an all-time high, per CoinMarketCap data.

The real upshot? Bitcoin is showing it has long-term staying

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