Bitcoin was declared dead (again) six years ago during the COVID-19 flash crash, and now it’s light years away. Do you see any similarities with the current landscape?
The more things change, the more they stay the same. You have probably heard this saying at some point in your life. The price of Bitcoin has certainly felt it, as it has experienced countless crashes over the years in (slightly) different situations where it was called dead again.
However, after each such situation, it came back stronger than before, providing significant profits (paper or not) for those who are patient and stay away from all the noise.
6th anniversary
Six years ago, it was the fallout from COVID-19. The unprecedented panic that literally brought the world to a halt caused a massive crash in the ever-growing cryptocurrency sector. Bitcoin, for one, experienced possibly its worst one-day performance in terms of losses, falling nearly 50% from $8,200 to $4,700.
Its general disaster at that time was even deeper. In less than a week, it dropped from $9,000 to $3,720, losing nearly 60% of its value. Experts quickly took this shocking accident and declared it dead again. Some have argued that BTC lost its safe haven due to its extreme volatility during those trading hours.
And if you just look at those market movements, you’d probably have to agree, even if you’re a Maxie. However, if you zoom out and track what’s happened since then, it may not be such a straightforward deal.
In the following six years, not only did bitcoin never drop to these levels, but by January 2021, it had increased 10-fold, reaching $69,000 just a year and a half later. Fast forward to the end of 2025, and it reached more than $126,000 – or more than 3,300% higher than the low caused by COVID. Even with the current correction dragging it down to $70,000, its gains from those dark times have been impressive, as Jeremy Davinci stated.
Exactly 6 years ago $BTC He experienced his worst fall.
Everyone called #Bitcoin “dead”.
Those who bought that day are up 1600% today. pic.twitter.com/uZa1xmMax5
– Davincij Jeremy (@Davincij15) March 13, 2026
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Call?
As mentioned above, BTC is currently trading about 50% away from its October 2025 ATH. Naturally, people call it dead again or predict that it will soon be “dead.” What else is new? … as long as they stay, right?
Yes, Bitcoin ended 2025 in the red – the first such case in a post-halving year. Yes, it is in the 5-month red line. Yes, gold and silver stole the show. Yes, even stock markets have made significant gains despite ongoing uncertainty, wars, threats, tariffs, the Epstein files, and everything in between.
But is bitcoin dead (again)? Is it really? How many times does it have to come back from announced death to win back the confidence of investors? Or maybe it doesn’t matter. A few early critics have been rebuffed, but many remain skeptical. And maybe it should be, because bitcoin isn’t for everyone, at least not yet.
So if you believe in it, your faith should not be undermined by another correction. If such reversals are evident even as BTC becomes a trillion dollar asset, they will likely continue for years to come. Don’t judge it by its worst days, but enjoy the good days because they usually follow the darkest hours.
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