💀📉 The Fall of Mt. Gox: Bitcoin’s First Big Crash
In the early days of Bitcoin, the main place to buy and sell was a Japanese exchange called Mt. Gox. By 2013, it was handling over 70% of all Bitcoin trades worldwide 🌍 — making it the heart of the Bitcoin economy.
But behind the scenes, things weren’t safe… ⚠️
👉 In 2011, hackers gained access and began stealing coins.
👉 Over the years, nearly 850,000 BTC went missing 😱.
👉 In 2014, Mt. Gox suddenly shut down, leaving thousands of people locked out of their money.
The collapse sent shockwaves through crypto:
Bitcoin’s price crashed from around $800 → $400 📉.
Many early investors lost faith.
Regulators worldwide began paying serious attention to Bitcoin for the first time.
Yet, the crash didn’t kill Bitcoin. Instead, it proved the need for:
✅ Better security 🔒
✅ Trustless systems
✅ Exchanges that are transparent and regulated
Today, Mt. Gox remains one of the darkest chapters in crypto history — but also a lesson that made the ecosystem stronger 💪.
💡 Lesson: Not your keys, not your coins. Always protect your crypto.
👉 If Mt. Gox had never failed, do you think Bitcoin would be even bigger today? 🤔
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