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Can $BTC GO TO 0 DUE TO SEC VS BINANCE/COINBASE FUD ?
Likely not. Here is why (1/10)
Likely not. Here is why (1/10)
In 2018, $BTC crashed from its ATH of $20,000 to $3600.
These were the major catalysts that pushed $BTC down
Coincheck Hack: In January 2018, the Japanese cryptocurrency exchange Coincheck suffered a massive hack, $530 million at the time.(2/1/10)
These were the major catalysts that pushed $BTC down
Coincheck Hack: In January 2018, the Japanese cryptocurrency exchange Coincheck suffered a massive hack, $530 million at the time.(2/1/10)
BitGrail Hack: In February 2018, the Italian cryptocurrency exchange BitGrail announced that it had lost around $170 million worth of Nano (formerly known as RaiBlocks) due to a hack.(2/2/10)
2 more exchanges reported a hack of about 100M (2/3/10)
The high-profile hacks that occurred in 2018 increased regulatory scrutiny on the cryptocurrency industry. (3/10)
Bitconnect , a high-yield investment program, collapsed in early 2018, but the legal fallout continued in 2021. Regulators pursued legal action against BitConnect and its operators for alleged fraud and operating an unregistered securities offering.(4/ 10)
In May 2022, Terra LUNA collapsed the value of Luna collapsed from over $120 a coin to effectively zero, wiping out over $50bn in market capitalization of UST/LUNA and causing over $400bn in losses for the broader cryptocurrency markets.(5/10)
Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. (6/10)
3 Arrow capital collapsed in Jul 2022 .The fund appears to have lost in excess of $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time(7/10)
On top of that, in the last ten years, crypto has survived the Mtgox bankruptcy, the Quadrigacx collapse, China's crypto ban, and many other events. (8/10)
In comparison, what is happening right now is not significant enough to bring the entire crypto industry down. Crypto will survive this. (9/10)
If you like this type of content like , retweet , bookmark, follow and turn on the notifications for more (10/10)
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