Bitcoin once again hit the bottom of the bear market. As an inflation hedging tool, most of them failed. The environmental analysis like the continuous economic downturn has greatly reduced the price of BTC and the stock price of international top technology giants.

Compared with META under Mark Zuckerberg Group, the cryptocurrency with the highest market value seems to perform much better than the social network brand.

During the period of economic downturn, Bitcoin is stronger than Meta

Bitcoin originated from the ashes of the last great crash. For many years, investors have been thinking about what may happen to the foreign exchange speculative asset category of cryptocurrency when another economic downturn comes. As of this year, they have seen this.

The monetary tightening and interest rate rise at the Federal Reserve meeting have already seriously damaged most asset prices, including the price per BTC. Once the Federal Reserve meeting gradually discussed raising interest rates, the stock market and cryptocurrency gradually fell.

Because these different asset classes have been in a bear market for more than a year, there is a large amount of data available. Comparing the top cryptocurrency with some of the major technology brands, we find that Bitcoin is better than META.

META is the head office of Facebook, Instagram and other Zuck sub brands. After making a very big bet on its metaverse, META shares have been falling at will since then - this is one of the most serious sales in each financial industry.

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There is no need for accurate measurement at all. It is very obvious that META has fallen much more than Bitcoin, and only a simple visual inspection is required. From the peak to the current low point, both of them have dropped by 77%. What is more noteworthy is that META's share price dropped to the level in 2015, while the transaction price of cryptocurrency took the lead in 2017 and 2018.

But compared with the previous bear market, BTC still has a way to go. So far, the first bear market has caused a 94% decline. In 2015, the price of each coin decreased by 86% from the peak to the trough of the bear market. In 2018, BTC only decreased by 84%, showing a downward trend, as if the revenue was still declining.

The data information can also infer that, because the uncertainty decreases over time, the withdrawal will become less and less in the subsequent bear market. The data information can not be explained, which means why META fell significantly compared with the foreign exchange speculative asset category.

Compared with other top cryptocurrencies, Bitcoin also suffered the least severe blow in the bullish trend. Ether coin lost 82% of its face value, while the concept tokens of the universe such as Decentraland lost 94%, which is still continuing.

Taking full account of BTC's outstanding performance against all other cryptocurrencies, even some top energy stocks, this cryptocurrency, which has occurred for the first time so far, showed more flexibility than expected during the initial decline.