Name this asset: in June of 2011, it had a 99.9% price crash; in April of 2013, it had an 83% price crash; in March 2020, it had a 50% price crash; and in May of 2021, it had a 53% price crash.
If you guessed bitcoin, you’d be correct.
Bitcoin is the poster-child for crypto volatility, and in its 15 years of existence, it has experienced at least eight 50% corrections. There are over 9,000 cryptocurrencies in existence, and to-date they’re considered high risk, unpredictable, and speculative investments.
But that might be about to change.
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