Experts say crypto investors should see continued bull market returns after these 9 events

Well-known crypto expert Ash suggested that investors should take advantage of the current cryptocurrency rally after several adverse events, including SEC enforcement actions and a two-year bear market.
The prices of various crypto assets have continued to rise sharply following Donald Trump’s re-election. Bitcoin (BTC) has seen staggering gains since Trump’s election victory, with prices surging from $68,357 to $89,604.
The leading asset has been setting new all-time highs (ATHs) every day since the election, with its latest record reaching $89,604 earlier today. As expected, Bitcoin’s outperformance had a positive impact on other crypto assets, including Ethereum (ETH) and Solana (SOL), both of which saw impressive gains.
Crypto investors deserve this gain after these 9 events
Ash commented that the latest rally in the broader crypto market is a reward for investors who have weathered several major setbacks that took a heavy toll on their investments.
Experts have highlighted nine events over the past few years that have led to a significant decline in the crypto market.
Bitcoin falls from $69K to $15.4K
The first was a sharp drop in Bitcoin, which caused its price to plummet to $15,400. This comes after Bitcoin surged to its 2021 peak of over $69,000. However, the asset could not sustain its bullish momentum as it encountered massive selling pressure, resulting in a painful drop to $15,400.
Terra Crisis
The second bearish event on the list was the Terra crisis, which sent shockwaves through the entire crypto market. Notably, the collapse of the Terra ecosystem occurred in May 2022 when its native stablecoin Terra USD (UST) lost its peg to the U.S. dollar, which in turn affected other tokens in its ecosystem. Specifically, LUNA suffered a major crash, falling from a high of $119.8 to $0.
3AC's collapse
Ash highlighted the collapse of 3AC (Three Arrows Capital), the third major crisis after the 2022 crypto winter. It is worth noting that as 3AC's valuation plummeted from a staggering $18 billion to $0, other lenders associated with the company were implicated.
The bankruptcy of Voyager and Celsius
Ash mentioned the bankruptcies of two major crypto lending platforms, Voyager Digital and Celsius. It is worth mentioning that the 3AC incident affected Voyager and led to its bankruptcy. However, due to the collapse in crypto prices, Celsius Network filed for bankruptcy protection.
The FTX/FTT Collapse
The fifth bear market event was the collapse of the well-known crypto exchange FTX, which led to a sharp drop in the price of its native token FTT. FTX collapsed after its founder, Sam Bankman-Fried (SBF), was accused of mismanaging client funds.
The incident sent shockwaves through the crypto markets, with the price of Solana (SOL) dropping below $10 in the days following the revelation of the mismanagement due to FTX’s dominance and investments in the market, wiping billions of dollars from the market.
USDC decoupling
The sixth adverse event that wreaked havoc on investor portfolios was the decoupling of the stablecoin USD Coin (USDC), stemming from the collapse of Silicon Valley Bank (SVB) in 2023. The stablecoin was supposed to maintain a 1:1 ratio with the U.S. dollar but lost its peg, sparking concerns among investors.
Binance Bank Run
Ash listed the Binance bank run as the seventh event to affect crypto investors. Recall that when the U.S. authorities filed criminal charges against Binance, the exchange witnessed a massive outflow of nearly $1 billion in a single day. It is worth mentioning that the exchange denied concerns about a possible bank run after disclosing that it has more than $67 billion.
Meanwhile, Binance’s legal battle with the U.S. government prompted its founder Changpeng Zhao (CZ) to resign as the company’s CEO after reaching a plea agreement. He recently completed a four-month prison sentence.
SEC Enforcement Actions
Multiple crypto entities, including Binance and Coinbase, have fallen victim to a wide-ranging enforcement action by the U.S. SEC. High-profile SEC lawsuits typically have a negative impact on crypto prices, with investors expressing concerns about increasing regulatory restrictions.
Two years of bear market
Finally, Ash stressed that the market has been in a bear market for two years, with prices of different assets falling significantly. The combination of events described above led to a two-year bear market in which investors' portfolios lost a significant amount of value.
Interestingly, Ash believes that investors who remain resilient during these adverse conditions should be rewarded with an overall rise in the market.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to perform adequate research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.