Eric Balchunas from Bloomberg pointed out a pattern: whenever Bitcoin drops, many people rush in to mock it, treating every correction like a moment of celebration. What’s even more surprising is how often some go as far as writing its “obituary,” as if Bitcoin is on the verge of disappearing.
But history shows a different story. Bitcoin has seen far deeper drawdowns—multiple times—and still managed to return and set new all-time highs. Very few assets have a resilience profile like that, aside from long-standing giants such as Apple, Amazon, or Florida real estate.
What stands out about Bitcoin isn’t just its ability to recover, but the way it consistently frustrates the people rooting against it. Even the famous tulip mania, often used as a comparison, happened once and vanished forever. Bitcoin, meanwhile, keeps getting back up after every major fall.
That said, Bitcoin is not something you consume casually. It’s more like an ultra-spicy sauce: used correctly, it adds flavor; overuse it, and you might get burned. Engaging with Bitcoin requires understanding, risk control, and moderation — and the more disciplined you are, the safer it becomes.
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