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01 March 2021

Bitcoin Price Falls $10,000 in Largest Daily Drop in History - Decrypt

Bitcoin Price Falls $10,000 in Largest Daily Drop in History - Decrypt


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In the summer of 2017, Bitcoin’s price even dropped by a full 40%, and it was only until we had the benefit of hindsight to see that Bitcoin was broadly on its way to a new all-time high. 

Raoul Pal, a former hedge fund manager who retired at 36 and who put 75% of his assets into Bitcoin, suggested price drops such as this are a relief of sorts. 

Precedent tells us that price corrections like this will continue to come, but the question now is whether or not people believe Bitcoin hit its ceiling at $57,000. 

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