#IranIsrael tensions are getting worse.
🚨 Bitcoin is crashing hard .
Everyone’s asking the same thing:
Is this the start of WWIII?
Will $BTC and alts crash like in 2020?
👇🧵
Before we start, please repost and bookmark the first tweet.
BTC and alts are in free fall today, and people are getting worried.
But before you sell, take a look at the past geopolitical and #crypto events and how crypto reacted.
March 2020 - COVID Crash (Black Thursday)
The world froze overnight.
A global pandemic, panic in the streets, markets in freefall.
On March 12, 2020, #Bitcoin crashed over 50% in a single day.
BTC dumped from $7,200 to $3,800.
From Stocks to $BTC everything crashed hard.
What caused it?
– Global fear and uncertainty
– Mass liquidations on BitMEX
– Investors rushed to USD
– Everyone was selling everything
On-chain panic was clear but so was accumulation.
In 7 months, Bitcoin recovered and doubled.
In ~12 months #BTC hit a New ATH of $64K.
May 2021 - China Ban + Elon Turns Bearish
First #ElonMusk tweeted about BTC being “bad for the environment.”
Then China bans Bitcoin mining again, but for real this time.
Miners shut down.
Hashrate fell over 50%.
The network was under pressure.
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