Yes, it's possible for Bitcoin's price to drop by 50% or more. In fact, Bitcoin has experienced several significant price crashes in the past, including: $BTC

- 2011: Price dropped from $32 to $2 (93% decline)

- 2013: Price dropped from $1,147 to $685 (40% decline)

- 2017: Price dropped from $19,666 to $3,200 (84% decline)

- 2020: Price dropped from $10,500 to $4,000 (62% decline)

- 2022: Price dropped from $48,000 to $17,600 (63% decline)

Bitcoin's price is known for its volatility, and various factors can contribute to significant price drops, such as:

- Market sentiment shifts

- Regulatory changes

- Security concerns

- Global economic downturns

- Liquidity crises

However, it's important to note that Bitcoin has also shown remarkable resilience and ability to recover from past crashes, driven by factors like:

- Growing adoption

- Improving fundamentals

- Increasing institutional investment

- Limited supply

So, while a 50% price drop is possible, it's also important to consider the potential for recovery and growth in the long term.