The theft of Mt. Gox in June 2011: marked the first time that the cryptocurrency sector has suffered a massive hack.

December 2013: China's central bank ban triggered a 66% drop in bitcoin, policy crackdown ending the bull market.

February 2014: The collapse of Mt. Gox and the 50% plunge in the price of the currency were the biggest coin thefts in history.

August 2016: Bitfinex theft, 20% decline, exchange experienced rebirth.

September 2017: ICO ban, the price of the currency fell 40%, but the rise of new platforms such as Binance.

March 2020: Global stock markets plunged, sending the price of bitcoin down 50%.

May 2021: The crypto industry is completely wiped out, down 35%, and the West is gradually taking control of the market. May 2022: The Luna incident rocked markets, dropping 36% and wiping out $40 billion. November 2022: FTX incident triggered a crisis of confidence, the currency price fell 24%, the world's second largest thunderstorm.

March 2023: SVB and Silicon Valley Bank went bankrupt, down 18%, further validating Bitcoin's concept of digital gold.

These black swan events have given us a glimpse of the stormy waters of the crypto market, and have reminded us that we need to be careful with every investment step.#PHRYGES