Bitcoin has always been a wild ride, but two moments stand out as turning points in its history one devastating, the other monumental.
The Worst Crash: 2017-2018
After surging to ~$20K in December 2017, Bitcoin collapsed to around $3,200 by December 2018.
*Driven by ICO mania and retail hype, the bubble popped hard.
*Investors lost 80%+ of their capital in months.
*Scams, regulatory fear, and technical limitations added fuel to the fire.
Many dubbed it "the end of Bitcoin" but it wasn’t. It was a wake up call that the market wasn’t mature.
The Best Rise: November 2021
Bitcoin reached its all-time high of $68,789, powered by:
*Institutional adoption (Tesla, MicroStrategy, Square)
*Global inflation fears post-COVID
*Legal recognition (El Salvador made it legal tender)
*Payment platforms (PayPal, Cash App) integrating BTC
This wasn’t just another hype wave it was Bitcoin entering the global financial conversation with legitimacy.
Sure! Here are some thoughtful questions based on those two major Bitcoin moments:
THE CRASH:
-
What lessons did the Bitcoin community learn from the ICO mania that contributed to the 2017 bubble burst?
-
How did regulatory actions during that period shape the future of cryptocurrency markets?
-
In what ways did the 80%+ loss impact long-term investor confidence and market participation?
THE RISE:
-
How significant was institutional adoption in driving Bitcoin’s price to nearly $69,000?
-
What impact did global inflation fears post-COVID have on Bitcoin’s appeal as a store of value?
-
How did El Salvador’s legal tender move influence other countries’ attitudes toward Bitcoin?