During the close of 2015, an Ivy League professor pronounced bitcoin dead. And yet here we are today. Despite the bumps, the popular digital currency has never looked stronger—reaching its all-time high market cap and outperforming other currencies and assets in 2016.

So before the year ends, let’s review the moments that shaped bitcoin’s 2016.

Up, up and away

Many Nobel prize winning economists and university professors have spent their 2016 declaring bitcoin dead, but the digital currency continues to prove them wrong. In May, bitcoin broke its August 2014 record when it hit the $500 sweet spot. And that, apparently, was just the start.