Data from Google Trends shows that global interest in the phrase “Bitcoin to zero” reached an all-time high during the week ending February 7th. This search volume surpasses previous major volatility periods such as the Mt. Gox collapse in 2014, the wave of concerns over banning BTC in 2018, the market crash due to COVID in 2020, and the 2022 bear market bottom.
In this context, many skeptical opinions have resurfaced, accompanied by waves of criticism and ridicule toward Bitcoin whenever its price drops sharply. However, previous cycles indicate that extreme pessimism often coincides with the final stages of a decline, rather than the end of the asset. History from 2018 and 2022 shows that a similar scenario has repeated itself.
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