However, its price has also increased significantly during rapid economic movements in four separate Bitcoin cycles. Therefore, it is highly inappropriate to say such a thing about Bitcoin, as it has been a truly reliable investment asset both in the long term and in the face of global crises. If you have observed the Bitcoin price declines on four separate occasions, you have also seen the rate of price increase in Bitcoin during four different cycles. Therefore, you must consider both to have a clear benchmark for Bitcoin and to draw more detailed conclusions about such events.
It really doesn’t matter how high an asset climbs if it reliably crashes by 80% every few years. You’ll understand that if you survive at least one proper crypto winter.