US Treasury Secretary says "No" to Future BTC Purchases

You forgot the crash of 1937..

"The 1937 stock market crash was a sharp economic downturn that occurred in the late 1930s, interrupting the recovery from the Great Depression. The stock market experienced a significant drop, with the Dow Jones Industrial Average falling by 50%."

 

You're right, and a comparable drawdown to 2008, except the bear market lasted longer (5 years vs 18 months).
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

 

The chart you linked also shows a 47% crash in 1921.

I think there would have been a 40%+ crash in 2022/2023 had ChatGPT not come out.

I think the AI bubble still has a year or two to still run, before it finally pops.

 

Then ........... as always, the rebound after the "crash".

 

Sure, eventually markets come back. But if you look at the above DJIA chart, drawdown recovery time can vary considerably.

 

Take out the biiiiiig outlier, the '29 crash, and drawdowns are not really so crazy.