Loading ...View the Bitcoin price on a log chart from late 2010 to put this all in perspective. Viewed on such a log chart, $1,000,000 in 2020 is still a continuation of the general trend and the recent drop looks like a blip of static. In 2011 it took a 90% down leg over 6 months.
Genuine quote from a Zerohedge poster
https://www.zerohedge.com/news/2018-01-16/crypto-carnage-continues-ripple-now-down-40-year-date