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@ jimbocoin 🃏
2025-04-27 18:53:56
When Mt. Gox imploded it was doing like 70% of all transactions. This occurred at the blow-off top around $1400, and drove the price down to ~$155 (almost 90% drop). It took 3 years to recapture the ATH.
Equivalent today would bring us to ~$10k. I don’t think that’s likely to occur though because we aren’t in FOMO ATH blow-off top territory, and the market dynamics have changed.
I think a 70% drawdown and 3 year recovery period would be more likely. So maybe $30k min price, -ish.