"The more things change, the more they stay the same." You might have heard this phrase in life. Bitcoin's price seems to understand it well, having experienced countless crashes under (slightly) different circumstances, yet repeatedly being declared "dead."
However, after every low, it has emerged stronger, delivering substantial returns (whether on paper or not) to investors who held on and stayed away from the noise.
Six-Year Anniversary
Six years ago, the COVID-19 pandemic triggered market panic. The unprecedented virus brought the world to a standstill, causing a massive crash in the highly volatile cryptocurrency market. Bitcoin experienced one of the largest single-day drops in its history, plummeting nearly 50% from $8,200 to a low of under $4,700.
Looking solely at these market fluctuations, even staunch Bitcoin supporters might find it hard to argue against. However, if we zoom out and examine the subsequent developments, the picture might not be so simple.
In the six years that followed, Bitcoin not only never fell back to that level but also achieved a 10x growth by January 2021, reaching an all-time high of $69,000 a year and a half later. Fast forward to the end of 2025, and its price peaked at over $126,000—more than 3,300% higher than its pandemic-era low. Even with the current correction around $70,000, as Davinci Jeremie put it, the gains from that low period remain quite substantial.
Sound familiar?
So, is Bitcoin (once again) truly "dead"? How many times does it need to recover from its supposed "deaths" to earn investor trust? Or perhaps, it doesn't matter. Some former critics have changed their tune, but many remain skeptical. Perhaps this is just the norm for Bitcoin, as it's not for everyone, at least not yet.
Therefore, if you believe in it, you shouldn't waver during another correction. Even though Bitcoin has become a trillion-dollar asset, these pullbacks still exist and may continue for years to come. Don't judge it by its worst days; enjoy its best days, as they often come after the darkest moments.