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Holiday Mode: Activated
LFG Ventures presents a weekly newsletter delivering private market (pre-IPO) insights and signals across tech and frontier industries.
Rob Madelmayer & Chris Bordeaux
November 28, 2025
Happy Thanksgiving!
We’re grateful for this community. The founders and companies we back. The investors we work with. The momentum we’ve built together this year. It’s been a hell of a ride, and we’re just getting started.
We’re pressing pause on our regular edition so we can spend time with family and friends, and instead we’re sharing a few visuals on one of our favorite holiday topics: Bitcoin.
The trend is your friend.
Below is a chart and table showing the price of Bitcoin on Thanksgiving Day each year since 2010.
Note: Bitcoin was created in 2009, but the price on Thanksgiving 2009 was effectively $0.00 (fractions of a cent) with no significant trading volume, so the chart begins in 2010.
Year | Price (Approx.) | Return YOY |
2010 | $0.30 | - |
2011 | $2.50 | +733% |
2012 | $12.50 | +400% |
2013 | $1,000 | +7,900% |
2014 | $375 | -62% |
2015 | $360 | -4% |
2016 | $740 | +106% |
2017 | $8,200 | +1,008% |
2018 | $4,300 | -48% |
2019 | $7,500 | +74% |
2020 | $18,400 | +145% |
2021 | $58,000 | +215% |
2022 | $16,500 | -72% |
2023 | $37,500 | +127% |
2024 | $95,500 | +155% |
2025 | $91,500 | -4% |
🍗 Vlad Vibes
Prediction markets are taking over and Robinhood is taking it very seriously. Jack Altman (yes, Sam’s brother) just dropped a great episode of Uncapped diving into how Robinhood is thinking about AI, prediction markets, and the next wave of retail (vibe) trading.
🤝 Get in the Room
Private investing for (almost) everyone*
We are a curated network of exceptional angels, VCs, family offices, founders, and industry experts investing in pre-IPO companies. We back sharp operators and high-leverage deals. We move fast. We bring value. We don’t miss around the edges. Deals don’t wait. Neither do we.
*Vibes and values must be aligned. Must be an "accredited investor."
We will be back next week with a full edition of The Markup.
Time for leftovers!
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The content presented in The Markup is for informational purposes only and does not constitute an offer or solicitation by LFG Ventures to buy or sell any securities. Nothing in this publication should be interpreted as investment advice, a recommendation, or an offer to provide brokerage services. Any offers or solicitations will be made only through official offering documents and subject to their specific terms, risks, and conditions.