More than 100 days have passed since the end of 2022 and the bitcoin price has risen more than 80% since then. In the last 30 days, bitcoin has risen more than 45% against the US dollar. Despite its recovery this year, after a lengthy crypto winter the year before, the Bitcoin obituary list shows that crypto skeptics have declared Bitcoin dead six times. The most recent obituary was published on March 14, 2023 by Robin Brooks, chief economist at the Institute of International Finance, who insists that Bitcoin “is just another bubble asset.”
Despite Bitcoin Market Performance This Year, Bitcoin Has Died 6 Times In The Eyes Of Skeptics
He Bitcoin Obituaries The list hosted at 99bitcoins.com shows that bitcoin’s opponents have declared the top cryptocurrency dead 473 times since 2010. In 2022, bitcoin was declared dead 27 times, which is less than in several other years. However, it pales in comparison to the 124 death announcements recorded in 2017 or the 93 listed the following year in 2018. These death notices are not memorials, keepsakes, commemoratives, or tributes. Instead, they are written by bitcoin opponents who are unconvinced and believe that cryptocurrency’s glory days are numbered.
The latest bitcoin obituary was written by Robin Brooks, chief economist at the Institute of International Finance. On March 14, he wrote: “So it turns out that Bitcoin is just another bubble asset that bursts when the Federal Reserve gets serious about raising interest rates. Zero value storage function. Zero diversification profit. Zero performance. Sayonara bitcoin…” In addition to Brooks, there are five more obituaries on the alleged bitcoin deaths in 2023. Prior to Brooks’ statement, Harvey Jones, the personal finance editor for the Daily Express, called bitcoin a Ponzi scheme, stating:
Bitcoin and all the pathetic counterfeit coins that have sprung up in its wake are the worst thing that has ever happened to the investment world in my life. They are a hoax wrapped in fraud, wrapped in a Ponzi scheme, and sold as a get-rich-quick investment opportunity.
Skeptics who have written bitcoin 2023 obituaries include Robert Park of the Cincinnati Enquirer, JPMorgan CEO Jamie Dimon, geopolitical expert Peter Zeihan, CNBC host Jim Cramer and former Securities and Exchange Commission official from USA John Reed Stark. Both Park and Dimon compare bitcoin to a Ponzi scheme, as have dozens of other skeptics before them. Like gold champion Peter Schiff, Zeihan believes that BTCThe value of will fall to zero and even negative price territories.
“Crypto is now in the process of going to zero, except for Bitcoin, which will probably go negative because if we move to a world with carbon taxes, you have to factor in the energy to produce it first,” Zeihan. saying.
The Bitcoin obituary list hosted on 99bitcoins.com is, of course, a joke played on the writers of these eulogies, with the purpose of enshrining their bad opinions on the internet forever. From the first death announcement in 2010, bitcoin’s value and network effect have grown tremendously. it is currently the world 11th most valuable asset in terms of market capitalization, ranking just below Tesla’s net worth and above Meta’s market valuation.
Despite being a decentralized cryptocurrency that is not backed by a government or corporation, has no marketing team, board members, or CEOs, and has been attacked by all of these entities for the past 14 years, people still believe that the leading digital currency is doomed, simply because they say so.
What do you think about the Bitcoin obituary list in 2023? Do you think Bitcoin is here to stay or is its demise imminent? Share your opinion in the comments section below.
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