Bitcoin has the worst bear markets than other assets? This is not even true as multiple high-profile stocks had even worse bear markets, with up to 95% drawdowns.

There is one argument that we just always keep hearing against Crypto. It is about Crypto being the least “safe“ asset as we have apparently experienced the worst bear markets from all assets. It is especially funny as mostly those people that bring up this argument want to say that other asset-classes such as stocks are way better and safer. This is just not true.

Even the biggest stocks today had way worse drawdowns in their earlier days that BTC does today.

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BTC drawdown from ATHs from James V. Straten

Firstly, here we can see the highest drawdown that BTC had, which stands at roughly 86%. And that is even in the very early days of Crypto and in the first two bear markets, in 2013 and 2015. The first 6 years of a completely new asset-class.

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Apple drawdowns from ATH

Amazon drawdowns from ATH

Now here we can see two of the biggest stocks today, Amazon and Apple. Apple had its highest drawdown of 83% in 1997 and 2001-2003. 20 years after its IPO, Apple had nearly as bad of bear markets as BTC had in the first six years. Amazon had a massive 95% bear market 2002, which is still unparalleled today from Bitcoin.

This just happens to show that their much used argument of Bitcoin being too dangerous to invest in is just not true as their own stocks has had a worse days that BTC and that a lot further into their history that Bitcoin.