Bitcoin Obituaries
Since its start, Bitcoin has been called “dead” many times by doubters each time leading to predictions of its demise. Our Bitcoin Obituaries tracks every instance where Bitcoin was pronounced “dead” by critics (who might have used our Bitcoin obituary generator). These claims often emerge during market downturns or regulatory challenges, yet Bitcoin consistently rebounds, demonstrating its resilience.
Even though some thought it wouldn’t last, the world of digital money is still alive and kicking. Bitcoin leads the way, and new things like crypto casinos are making it even more exciting.
So, is Bitcoin dead yet?
Bitcoin has died 477 times
“Bitcoin is the World’s Second Worst Currency” – Kyle Duck | $2306.75
Bitcoin is a bubble. The Bitcoin bubble will pop. Nobody knows when it will pop, but it will…Bitcoin has no intrinsic value or utility…That’s why Bitcoin is the second worst currency in the world. Eulogy made by: Kyle Duck
“A Nobel Prize-winning economist says bitcoin is a more obvious bubble than housing was” – Business Insider | $17,639.52
Krugman says the price of bitcoin is helped by the fact that no one understands it and people are caught up in the mystique of this new technology. It’s got this mystique about it, because it’s some fancy technological thing that nobody really understands. There’s been no demonstration yet that it actually is helpful in..
“7 Reasons Bitcoin Is Doomed” – Kiplinger | $11,091.64
It’s a bad idea. A cryptocurrency makes a lot of sense to some libertarians. Here’s a universal currency, not controlled by any government, that allows individuals to conduct financial transactions privately, anonymously without any intermediary — banker or government — taking a cut. (At least in theory. The IRS has been public about getting its..
“Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says” – Bloomberg | $9,208.96
It’s a matter of when, not if, the Bitcoin bubble will pop, according to Allianz Global Investors. “In our view, its intrinsic value must be zero,” Stefan Hofrichter, the company’s head of global economics and strategy, wrote in a recent web post. “A bitcoin is a claim on nobody – in contrast to, for instance, sovereign..
“The Fall of Bitcoin…”- Ghost Report | $12,009.53
…Because of the high price of Bitcoin, developers have raised the transaction fees on Bitcoin which negates its initial currency application. Plus the transaction speed of Bitcoin is a snail’s-pace when compared to many other cryptocurrencies. Much of the “new money” coming into the crypto market have no idea what they’re investing in. New investors..
‘Bitcoin Will Still Bite the Dust’ – Coindesk | $3,514.24
Back in August 2014, I discovered that the bitcoin mining industry had the industrial structure of a natural monopoly. A natural monopoly is a market in which production is most efficient with a single producer. This discovery came as a shock, but the implication was clear: Bitcoin could not survive in the long run. As..
‘RIP Decentralization’ – Medium | $10,147.76
…we won’t be reading much about “decentralization” here anymore. That watchword for a generation of young men interested in building the future as developers, programmers and blockchain and crypto enthusiasts, is well, kind of dead. …In a world of uncertainty and algorithmic abuse, it seems cryptocurrencies and their various tokens were too uncertain and uncanny to..
‘It has no intrinsic value’ – UTODAY | $8,767.89
If you wanna buy Bitcoin, be prepared to lose all your money. If you wanna buy it — buy it, but understand what’s you’ve got. It has no intrinsic value. Eulogy made by Andrew Bailey
‘Bitcoin Will Death Spiral’ – Kitco | $49,705.33
Eulogy made by Steve Hanke
‘Bitcoin Is Thin Air’ – BNN Bloomberg |$22,487.39
Bitcoin and Ethereum are nothing more than just thin air and it’s not a real safe haven asset. Eulogy made by Phillip Streible
“How bitcoin is going to fail and why it is not a gold equivalent” – Fester’s Den | $787.05
The federal reserve comes out with their own version of the bitcoin, let’s call it the “USDcoin”, they make a .001 (or some other arbitrary number) USDc the equivalent of $1 and they make it very easy to use. You can have these deposited into your existing bank account and they are immediately converted to dollars and when you send dollars out of your account they are immediately converted to USDc. Then the government also implements anti-bitcoin laws that make using bitcoin difficult or impossible to use. Of course they will claim bitcoin was being used for illegal purposes and money laundering. This will be the end of bitcoin.
“Nick Weaver on Why You Should Sell Your Bitcoin” – The Lawfare Podcast | $449.14
Nick walks Ben through what exactly Bitcoin is, answering whether the platform is really a financial opportunity of historic proportions, the massive criminal problem law enforcement officials have suggested, or something else entirely: a waste of everyone’s time and money. He also outlines some of the design flaws he sees in Bitcoin and why those flaws, which many in the Bitcoin..