Insights

Bitcoin drawdowns vs other assets – Amazon with the largest drawdown of 95%

exchange68September 13, 2024

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Quick Take

Bitcoin (BTC) is currently experiencing a drawdown of 69% from its all-time high. The collapse of FTX brought BTC to a 76% drawdown in terms of market cap back in November 2022.
However, BTC is not an outlier regarding vast and repetitive drawdowns — the same can be seen with Apple and Amazon.
Amazon experienced multiple 80% and 90% drawdowns in early 2000, which saw a peak drawdown of 95.12% back in 2001.
Apple has experienced 80%+ drawdowns on multiple occasions for over 20 years. The first 80% drawdown was back in 1985 and experienced a similar drawdown after the 2000 tech boom.

Amazon Share Price: (Source: TradingView)

Apple Share Price: (Source: TradingView)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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