Black Swan
Did you know ?
A black swan event – also known as the black swan theory – is an unexpected and rare event with a significant impact, often with far-reaching consequences.
The Black Swan refers to those events which are difficult to predict in the normal course of business. They are random, unexpected, but high-impact events. These events are considered outliers, because there is no past data which can point towards its occurrence in the foreseeable future.
Classic black swan events include the rise of the internet and personal computer, the September 11 attacks, and World War I. However, many other events such as floods, droughts, epidemics, and so on are either improbable, unpredictable, or both.
When is the last black swan event happened?
Almost four years have elapsed since the market crash of March 11, 2020, widely known as “Black Thursday.” During that turbulent period, the value of bitcoin plummeted by more than 50% in a 24-hour span, reaching $3,867 per unit. This ominous date, etched indelibly in financial history, is synonymous with a “black swan” event, characterized by its profoundly adverse nature and the near-impossibility of prediction. The following narrative embarks on a retrospective journey through the events of that memorable day in 2020.
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