• The crypto market is still recovering from past black-swan events such as the 2017 China Bitcoin ban, the Mt. Gox hack in 2014, and the COVID-19 pandemic in 2020.
• Institutions and individuals can prepare for black-swan events by diversifying their investments and using risk management strategies.
• The crypto market remains highly volatile and subject to black-swan events that can cause significant price fluctuations.
• Despite recent market volatility, global institutions have sustained interest in cryptocurrencies and are investing in or offering cryptocurrency-related services to their clients.

The article presents a balanced view of the crypto market, acknowledging both the challenges and opportunities it faces. While past black-swan events have caused significant disruptions, the increasing interest from global institutions and the growing acceptance of cryptocurrencies as a legitimate asset class suggest a positive outlook for the future.