According to cryptocurrency trader “Doctor Profit“, the crypto market may face a crash “even worse than during the dot com bubble.” The trader is shorting 100 altcoins simultaneously, worth $1 million. Doctor Profit anticipates the market to crash to 2020 levels and that “90% of this market is in a relentless, structural downtrend.” The trader does not see any catalyst that could reverse the ongoing trajectory. Let’s discuss if it could actually happen.

Will The Crypto Market Face A Dot Com Bubble-Like Crash?

crypto crash
Source: WatcherGuru

There is no denying the fact that the cryptocurrency market has faced substantial challenges over the last few months. Investors began an off-risk approach in late 2025 after increased macro uncertainties and geopolitical tensions. The US-Iran conflict has further added to investor stress.

However, a dot com bubble-like crash may be an exaggeration. It is evident that the cryptocurrency market works in cycles. For example, Bitcoin (BTC) fell to the $15,000 price level after the collapse of FTX in 2022. Solana (SOL) faced the brunt of the matter, falling to a low of about $9. However, the market made a quick recovery. Bitcoin (BTC) breached the $100,000 mark for the first time in its history just two years later. Solana (SOL) also went on to hit multiple all-time highs over the last few years.

Furthermore, the cryptocurrency market saw the entry of major financial institutions over the last few years. The most notable entry was that of BlackRock, the world’s largest asset manager, with about $14 trillion worth of assets under its belt. BlackRock launched its IBIT Bitcoin (BTC) ETF in 2024, opening its doors to the budding cryptocurrency market. VanEck and other major players also stepped into the game. The entry of some of the world’s largest asset managers have likely brought some stability to the cryptocurrency market.

Also Read: Cryptocurrency: Trader Makes $337,000 in 2 Hours After Investing $960

Additionally, the cryptocurrency market is already showing some signs of a reversal, with Bitcoin (BTC) reclaiming the $76,000 mark. The market may see further price bumps if the Federal Reserve cuts interest rates in May, although an April rate cut is highly unlikely.

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