According to Andre Dragosch, Bitcoin has repeatedly survived major macro stress, specifically the 2012 Euro sovereign crisis, the 2015/16 China manufacturing slowdown, the 2020 COVID shock, and the 2022 Fed tightening with money-supply contraction; source: Andre Dragosch on X (Sep 10, 2025). Following these episodes, BTC ultimately posted new all-time highs in late 2013 (around 1.1k USD), late 2017 (around 19.7k USD), and Nov 2021 (around 69k USD), highlighting post-shock recoveries; sources: Yahoo Finance BTC-USD historical data and Bloomberg price records. In March 2020, BTC dropped over 40 percent during the COVID market crash before rallying through 2020–2021, indicating high beta to liquidity cycles; source: Yahoo Finance BTC-USD daily data. In 2022, U.S. M2 turned negative year-over-year alongside aggressive rate hikes, coinciding with a BTC bear market, underscoring sensitivity to monetary conditions; sources: Federal Reserve H.6 (M2) and Yahoo Finance BTC-USD. The trading takeaway is that historical BTC drawdowns during macro stress were followed by recoveries as liquidity normalized, a regime-awareness point for risk management; sources: Federal Reserve H.6 (M2) and Yahoo Finance BTC-USD, as framed by Andre Dragosch on X (Sep 10, 2025).