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.
Who have winter experience in crypto are able to understand many things. If we think about something like this in the case of Bitcoin, it is unlikely to happen. Bitcoin is no longer a typical asset. Earlier, a few people used Bitcoin and could influence the price in various ways if they wanted, but currently the number of investors in Bitcoin has increased. People of all classes are now buying Bitcoin and considering it as their investment asset. So, no matter how bad the situation of Bitcoin is, it will definitely not go down too much. I believe that bearish times can have a negative impact on the price of all coins, but in the case of Bitcoin, there is no opportunity to think like other.