jimbocoin on Nostr: When Mt. Gox imploded it was doing like 70% of all transactions. This occurred at the ...

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.