Reminder: Bitcoin was born from the tail end of a recession. It hasn’t yet been tested by a recession. This is another first for Bitcoin.

You may have heard the term "anti-fragile" used to describe Bitcoin's progression. Bitcoin has been through a laundry list of trials and tribulations.

The WikiLeaks debacle. The Mt. Gox hack. The 2013 bubble and crash. Several hostile hard forks. The 2017 bubble and crash from the IPO mania. An IRS crackdown. Political uncertainty and PR campaigns. Bans imposed by countries. The current bubble and crash from the NFT mania. And again this year from the technology sector collapse. Countless other things I'm forgetting.

But a true recession is something Bitcoin has not yet faced. The "smart money" is dumping their risky investments, Cryptocurrency being one of the riskiest assets. Bitcoin is going to be politically and reputationally vulnerable for quite some time. We have no idea what's going to happen or how far down Bitcoin will go.

That being said, all these things are just another slew of trials and tribulations that will make Bitcoin even more resilient than it is now.

This is history in the making.

submitted by /u/Joecracko
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