As the media is still eager to publish BTC obituaries, Bitcoin “dead” 45 times in 2021

As the media is still eager to publish BTC obituaries, Bitcoin “dead” 45 times in 2021

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As Bitcoin (Bitcoin) New in progress Above the historical high of $68,000 This year, global opponents of cryptocurrency have increasingly criticized the extreme volatility and potential risks of BTC.

according to Bitcoin obituary According to data from the Bitcoin education portal 99Bitcoins, the original cryptocurrency was declared “dead” up to 45 times in 2021. This is At least three times the amount in 2020.

Although the number of people criticizing Bitcoin continues to increase in 2021, the number of obituaries this year is still far below the 2017 record. BTC reaches close to 20,000 USD for the first time. That year, Bitcoin “die” 124 times.

99Bitcoins was established in 2010 Bitcoin obituary The list includes statements in English that include content about the fact that Bitcoin “is or will be worthless.” To qualify for obituaries, content should be produced by people who have “significant followers or sites with a lot of traffic.”

So far, T has counted 438 obituaries, one of which is the latest produce Robert McCauley is an associate member of the Oxford University School of History. In a guest article published for the Financial Times on December 22, Macaulay believed that Bitcoin was “worse than a Madoff-style Ponzi scheme”, and that BTC holders “will no one recover it. “They “paid the money to the miners.” Their bitcoins. “

Eswar Prasad, Senior Professor of International Trade Policy, Cornell University Expected As the “promise of decentralized finance” continues to grow, “Bitcoin itself may not last that long.”

Although Bitcoin opponents Continue to bet on the bleak future of BTCSome analysts such as Bloomberg Commodity Strategist Mike McGlone believe that Bitcoin may reach $100,000 next year.

related: The crypto community responds to Charlie Munger yelling at Bitcoin again

As previously reported, the crypto community has Strongly expect BTC to reach 100,000 USD By the end of 2021.After the failure of the $100,000 forecast, Kraken CEO Jesse Powell and other executives are still optimistic about the long-term price of Bitcoin, but they are also Looking forward to a potential crypto winter in short term.

According to reports, at the time of writing, Bitcoin was trading at $47,597, a rise of about 70% in the past 365 days. data From CoinGecko.

Bitcoin 365-day price chart. Source: CoinGecko