Celebrating Bitcoin's Historic Moments
Originally a typographical error for 'This is it, gentlemen,' the phrase has become a celebratory expression in the Bitcoin community, used during price rallies and positive developments.
Bitcoin's first halving reduced the block reward from 50 to 25 BTC, proving the protocol's monetary policy could execute as designed. This established confidence in Bitcoin's programmed scarcity.
Bitcoin's price rose above the $1,000 mark for the first time ever, exactly one year after the first halving. This psychological barrier brought mainstream media attention and speculation about Bitcoin's future.