The statement “Bitcoin is dead!” has been declared on at least 414 occasions, according to 99 Bitcoins.
The world of mainstream finance, plagued by skepticism, has produced that many obituaries predicting Bitcoin’s ultimate and final demise. Yet, over a decade since Bitcoin was minted by the enigmatic Satoshi Nakamoto, the currency is very much alive and kicking.
These obituaries have ranged from mocking Bitcoin as Monopoly money to dismissing the currency entirely. Yet, as Bitcoin showed resilience and the promise to make investors rich, many have changed tack.
Some mainstream financiers and investors have stuck to their guns, including Warren Buffett, but others have given up on the negativity and replaced it with an ambition to invest in Bitcoin of their own.
Interestingly, the number of obituaries spiked after the 2017 Bitcoin crash when the currency almost hit $20,000 in value before starting to decrease rapidly. Admittedly, the mainstream media has not spared Bitcoin any jab, calling it a joke on more than one occasion.
The most recent Bitcoin crash, however, did not lead to naysayers predicting the currency’s demise. Rather, negativity was prevalent, but hardened crypto investors have argued that the market is self-correcting after a long bullish run that has been going on for at least six months.
If there is one way that Bitcoin may come to an end, it may not be through people divesting from it but moving onto a better, greener currency.