People are talking about a crypto "crash"

Let's look at some “wild stuff”

Lately, I’ve seen a bunch of pessimistic headlines on Bitcoin and cryptocurrency as a whole. That’s not outlandish to speculate on, given the massive run up in cryptocurrency this year.

What gets me, however, are articles that love using headlines like “Bitcoin crashed 15% (or some amount) yesterday” and have it read like the cryptocurrency market as a whole is in free fall. Let me be clear - there is still a lot of room for cryptocurrency to fall. It’s not a real crash until Bitcoin is down 50-80% and alt-coins are down 80-96%. (No joke, many alt coins were literally down 96% from their peak in the 2017 cycle aftermath.)

For now though, a portfolio invested in ten popular cryptocurrencies at the beginning of this year is still beating the market to a truly hilarious extent:

And, that 218% understates the underlying performance of some cryptos:

Now, compare that to some of the most popular ETFs:

15.6% return? That’s boring.

Cryptocurrency has ruled 2021. It may not be that way by the end of the year. But, as many who have skin in the game understand, headlines are misleading. There is no crash yet. It may be soon, as is speculated. But, the pain will be much more severe. 5, 10, 15% down for Bitcoin and other coins? Well, that’s just a typical trading day!

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