how long would it take us to recover from a $140B hack you think?
Discussion
I think we go back to $10k-$15k and then go back to previous highs 5 years later if it were to happen right now, most if not all alt coins would die, bitcoin would recover and a bunch of strict regulation would take place worldwide forcing exchanges for constant proof of reserves and tighter security measures, people would also rush to pull their funds from exchanges making the self custody culture stronger
Maybe thats how theyβll crash it.
Idc tho.
Im good with 5months or 5 years.
π§‘ππ»π»
When Mt. Gox imploded it was doing like 70% of all transactions. This occurred at the blow-off top around $1400, and drove the price down to ~$155 (almost 90% drop). It took 3 years to recapture the ATH.
Equivalent today would bring us to ~$10k. I donβt think thatβs likely to occur though because we arenβt in FOMO ATH blow-off top territory, and the market dynamics have changed.
I think a 70% drawdown and 3 year recovery period would be more likely. So maybe $30k min price, -ish.
10-15k...
Hopefully a long time so I can buy the shit out of da dip
I wish it would happen. More to buy.
It's inevitable it's coming π― hurricane π ahead. Probably lasts a bear cycle. Shitcoins die. It's the new normal.