The bottom Line
Bitcoin’s nine-year ascent has been marked with big bouts of volatility. Therewas an eighty five% correction in January 2015, and a few others over 60%, including a tremendous ninety three% drawdown in 2011.
Via each of those corrections, nonetheless, the community (as measured via quantity of wallets) persisted to broaden at a rapid percent. As some speculators saw their value decimated, new traders on the margin noticed value and grew to become consumers.
The abnormal stages of volatility are really what helped the bitcoin network grow to 23 million customers.