$BTC The 2011 Bitcoin Crash: Crypto’s First Gut Check 📉😱

In June 2011, Bitcoin faced its first major test when its price soared to $32, then plummeted 90% to $2 after a brutal Mt. Gox hack. 😱 Hackers stole 60,000 user accounts’ worth of BTC, exposing the exchange’s shaky security. Panic selling gripped the tiny crypto community, with many calling Bitcoin dead. 💀 At the time, BTC was barely two years old, traded by a niche group of cypherpunks. Yet, this crash was a crucible: it weeded out weak hands and taught early adopters resilience. 💪 Bitcoin’s price clawed back to $13 by 2012, proving its staying power. 🌱 The 2011 dive sparked better exchange security and community grit, setting the stage for BTC’s future rises. 🚀 Here’s to surviving crypto’s wild early days! 🥂