$BTC Remember that the approximately 98% drop in Bitcoin in 2011 was not just a simple market adjustment; it was the result of a confluence of critical factors in a digital ecosystem still in its infancy, highlighting fundamental vulnerabilities.

The main catalyst for this collapse was a hack of Mt. Gox, the largest and most dominant Bitcoin exchange at that time. An attacker gained access to the administrative account of Jed McCaleb, the founder of Mt. Gox, and used this position to manipulate the system.

The hacker fraudulently sold a large amount of Bitcoins, forcing the price down, with the intention of withdrawing funds later.

This action not only exposed the security weaknesses of the platform but also demonstrated how a single centralized entity could be a critical failure point for an asset designed to be decentralized.

If a similar crash were to occur right now, everything would collapse. From 100k to 10k in a couple of days. Is it a good time to reinvest????