Financial crisis and recession: bitcoin lost 77 percent in the 2022 rate turn

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.In each of the last three crises, bitcoin lost more than stocks and gold, but recovered faster once central banks cut rates. We run the numbers on 2020, 2022 and 2025 and show where the German economy stands in November 2026.Add as a preferred source on GoogleFollow on Google NewsSo far, bitcoin has not protected against losses in a financial crisis or recession. In the last three major downturns, the bitcoin price fell further than stocks and gold each time: by 52 percent in the 2020 Covid crash, by 77 percent in the 2022 rate turn and by 28 percent in the 2025 tariff shock. Afterwards, however, it often recovered faster than the stock market once central banks were pumping money back into the markets. Anyone wanting to understand what crypto does in an economic crisis therefore has to look less at the economy and more at interest rates and liquidity. That contradicts the image many people have of bitcoin as "digital gold". The price data show a risk asset that is sold alongsid...