Bitcoins Biggest Crashes

How do previous Bitcoin crashes compare to this week’s Tariff Troubles? Colin and Charlie analyze Bitcoin's recent 30% drop from $109K to $76K in context of previous market crashes. We compare the COVID crash of 2020, the Terra/Luna collapse of 2022, and the FTX insolvency that same year. They discuss how market sentiment differed between crashes despite similar percentage drops, explore how "exogenous" vs "endogenous" factors affected recovery, and debate whether Bitcoin behaves as a risk-on or risk-off asset. The conversation includes personal anecdotes about experiencing these market downturns and predictions for Bitcoin's future.

Follow our guests: @cbspears @asilayhodling @btcszn2

Notes:

- Bitcoin down 30% from $109K to $76K

- Markets recovered 9.5% in one day

- Terra/Luna crash: 35% drop in one week

- FTX collapse: only 30% drop but worst sentiment

- US fiscal deficit at $36.7 trillion debt

- BitMEX "outage" may have saved 2020 crash

Check out our Bitcoin scaling conference! Visit opnext.dev to learn more.

Timestamps:

00:00 Start

00:46 Bitcoin crashes, don't buy it

06:25 Macro lookback

14:00 Covid crash (march 2020)

22:45 Arch

23:18 Terra Luna crash (may 2022)

32:16 FTX Crash

38:43 Stay humble, stack sats

-

👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices