More than 100 days have passed since the end of 2022, and the price of Bitcoin has risen by more than 80% since then. Over the past 30 days, the cryptocurrency king is up more than 45% against the dollar. Despite this year’s recovery from last year’s long crypto winter, obituary listings show Bitcoin has been declared dead six times by skeptics. In his most recent obituary on March 14, 2023, Robin Brooks, chief economist at the Institute of International Studies, called Bitcoin “just another bubble asset.”
Bitcoin has died 6 times in the eyes of skeptics despite market optimism this year
A list of Bitcoin obituaries on 99bitcoins.com shows that opponents of leading crypto announcements have died 473 times since 2010. In 2022, Bitcoin will be declared dead 27 times, significantly less than the 124 announcements in 2017 or the 93 announcements in 2018. These obituaries are the “work” of Bitcoin naysayers because they are unconvinced and believe in the cryptocurrency’s glory days.
The latest Bitcoin obituary was written by Robin Brooks, chief economist at the Institute of International Finance. On March 14, he Write:
“So it turns out that Bitcoin is just another asset bubble that will burst when the Federal Reserve (Fed) gets serious about raising rates. Zero store of value. Zero diversification benefits. Zero benefits. Goodbye Bitcoin…” .
In addition to Brooks, there are five other obituaries related to Bitcoin’s death in 2023. Prior to Brooks’ statement, Daily Express personal finance editor Harvey Jones called Bitcoin a Ponzi scheme, exhibit:
“Bitcoin and all the sad fakes that ultimately fail are the worst thing that has ever happened to the investing world in my lifetime. They are a scam, a Ponzi scheme, and sold as a get-rich-quick investment opportunity.”
Among the skeptics writing bitcoin obituaries in 2023 are Cincinnati Enquirer’s Robert Parker, JPMorgan Chase CEO Jamie Dimon, geopolitical expert Peter Zehan, CNBC host Jim Cramer and Former SEC official John Reed Stark. Both Park and Dimon likened Bitcoin to a Ponzi scheme, like many other skeptics before them. Like gold bug Peter Schiff, Zehan believes that the value of BTC will drop to zero and even enter negative price territory.
“Cryptocurrencies, with the exception of Bitcoin, are currently in the process of going to zero. That could be a negative, because if we’re going to go into a world with a carbon tax, you have to think first about the energy that produced it,” Zeihan said. say.
Of course, the list of Bitcoin obituaries on 99bitcoins.com is a joke to the people who wrote these eulogies in order to perpetuate their evil deeds on the internet.from notify When Bitcoin died for the first time in 2010, the value and network effect of Bitcoin increased significantly. It is currently the 11th most valuable asset in the world by market cap, behind only Tesla’s net worth and above Meta’s market valuation.
While still a decentralized cryptocurrency with no government or corporate backing, no marketing team, board members or CEO, and criticized by all of these entities for 14 years. For years, people still thought the leading digital currency was doomed simply because they wanted to say so.
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