> someone could have said the same about Enron's initial 15% drop in 2001
Not someone who's been paying attention to Bitcoin and knows you can't compare it to a stock, especially one that became the poster-child for corruption and how the financial system can be manipulated.
> Stock indexes have a century-long history of recovering. Bitcoin? a decade.
Certainly no asset has been declared "dead" [1] more times than Bitcoin has in its first 15 years--the white paper was released October 2008 and the Bitcoin blockchain went live January 2009.
Bitcoin has dropped at least 15% in a single day many times; that's to be expected for a new asset class the vast majority of people don't understand. Once things settle down, Bitcoin will continue to do what it's been doing since 2009—increase in value compared to fiat currencies. The 15% drop over a couple of weeks is inconsequential.
Not someone who's been paying attention to Bitcoin and knows you can't compare it to a stock, especially one that became the poster-child for corruption and how the financial system can be manipulated.
> Stock indexes have a century-long history of recovering. Bitcoin? a decade.
Certainly no asset has been declared "dead" [1] more times than Bitcoin has in its first 15 years--the white paper was released October 2008 and the Bitcoin blockchain went live January 2009.
Bitcoin has dropped at least 15% in a single day many times; that's to be expected for a new asset class the vast majority of people don't understand. Once things settle down, Bitcoin will continue to do what it's been doing since 2009—increase in value compared to fiat currencies. The 15% drop over a couple of weeks is inconsequential.
[1]: https://buybitcoinworldwide.com/bitcoin-is-dead/