When Bitcoin Price Plummets, Focus on the Fundamentals To See the Bigger Picture
Buy Bitcoin to take the power, not to make money.
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb432f6a9-7107-48a0-b304-c1b8b700b3df_1600x1061.png)
On May 19, 2021, the price of Bitcoin crashed violently. In a matter of hours, the Bitcoin price dropped from $43K to just $30K. Tens of billions of dollars were liquidated in a few hours before a still powerful rebound brought the price of Bitcoin back to around $40K.
The bottom seems to have been reached around $30K.
The st…
Keep reading with a 7-day free trial
Subscribe to In Bitcoin We Trust Newsletter to keep reading this post and get 7 days of free access to the full post archives.