$BTC has survived every major bull and bear cycle since 2009.
BTCUSDT
Perp
65,575.1
+1.67%
2011:
$1 → $31
Then -93%
2013:
$13 → $1,100
Then -87%
2017:
$1,000 → $20,000
Then -84%
2021:
$3,800 → $69,000
Then -77%
Interesting fact:
93% → 87% → 84% → 77%
Each bear market has been less severe as Bitcoin adoption has grown.
Another fact:
The 2012, 2016, and 2020 halvings were all followed by major bull runs within the next 12-18 months.
Every cycle convinced people Bitcoin was dead.
Every cycle created a new all-time high.
Will this cycle be different?