I first bought bitcoin in 2014 by wiring $9,500 to a German bank, which forwarded to a Russian money laundering exchange (BTC-e) that was later seized by the US government.
My friend group in college very certainly spent at least today’s equivalent of 5-6 billion dollars on really good drugs from the Silk Road.
The last big crash I remember was from over 1k to around $200.
BTC does crash and trade flat occasionally. But this isn’t what it feels like. This is what it feels like before everyone who sold freaks out that they can’t time crypto and buys back in all at once.