Bitcoin's ups and downs on the road to glory
1. The 2022 crisis: "Bitcoin falls"
In 2022, Bitcoin plummeted from nearly $69,000 at the end of 2021 to around $16,000, making investors "cry". In addition, the collapse of the FTX exchange turned CEO Sam Bankman-Fried from "genius" to "villain". Inflation and interest rates increased sharply, causing money to flow out of the market, Bitcoin was abandoned like an old item.
2. The journey of rebirth: "The hero returns"
In late 2023 - early 2024, Bitcoin revived strongly: Bitcoin ETF was approved, making it a reliable asset. Market sentiment changed, investors rushed to buy back when the price exceeded $50,000. The media “hypes up”, predicts that Bitcoin can reach the $100,000 mark.
3. Present: “From sinner to legend”
Now, Bitcoin leads the market with a price exceeding expectations. Those who sold early regret it, while newcomers are both happy and worried. Bitcoin proves that in the world of digital currency, nothing is impossible!$BTC