Famous 2020 Bitcoin Bottom Caller Rings The 2022 Bottom Bell

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Last Updated on 16 November 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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In retrospect, there’s always a famous person who calls the so-called bottom bell, and for Bitcoin that has just happened yesterday. Interestingly enough, it was done by someone who called the Bitcoin bottom correctly before, so let’s see if he’s right this time again. At the time of writing, Bitcoin trades at $16,900.

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Financial Crash

The great financial crash of 2007-2008 ended historically in March of 2009, when the bottom bell was rang by then US President Barack Obama. The Democratic inhabitant of the white house said during a press conference on 3 March 2009 that:

What you’re now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it.

The market hit its lowest point less than a week later, on 9 March 2009.

As to Bitcoin, it also knew a great fall in March … of 2020 that is. When it became clear that the Covid-19 outbreak would no longer be limited to China alone, stocks and crypto faced a sudden crash. On 13 March 2020, the value of Bitcoin halved from $8,000 to $4,000 and Edward Snowden, the NSA whistleblower who currently resides on a secret address in Russia somewhere, said:

This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.

If you would have bought bitcoin at that moment, at a value of $4,000, you would have made a great return in 2021 and even 2022.

This time round, Snowden did it again. Accompanied by a four-year Bitcoin chart, Edward rang the Bitcoin bottom bell, stating:

There’s still a lot of trouble ahead, but for the first time in a while I’m starting to feel the itch to scale back in.

Time will tell if he’s right again.

Thirdkey / Depositphotos.com