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 dead,’ says prominent fintech exec – Yahoo | $437.5
If you ask Taavet Hinrikus, CEO of international-payments app TransferWise, “Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.” Source
“1,000 Bitcoin Wallets Won’t Replace One Financial Revolution” – Coindesk | $408.12
At this point in the bitcoin lifecycle, the fear, uncertainty and doubt (FUD) and naysaying we’ve been hearing is mostly true. The network is abysmally slow. The use cases are half-baked and consumers will receive no implicit benefit from bitcoin over, say, swiping their Visa card. The bitcoin 1.0 experiment is, in short, over. Source
“Performing an Autopsy on the Bitcoin” – The Street | $409.05
The best analogy, although not perfect, for the demise of bitcoin vs. Ethereum and the other unlimited blockchain technologies being developed for commercial application is that of the experience of digital audio tapes (DATs) vs. the compact disk technology of the mid-1980s. Source
“Death Sentence for the World’s Most Popular Cryptocurrency” – CoinTelegraph | $410.85
Bitcoin will soon be dead, claims David Yermack, chairman of the Finance Department at NYU’s Stern School of Business. He blames the democratic process of decision-making in the Bitcoin community for the cryptocurrency’s problems. Source
“Dumb Investment Of The Week: Bitcoin Investment Trust” – Seeking Alpha | $408.3
Bitcoins are a digital Ponzi scheme, not a digital cryptocurrency. Investors would be wise to steer clear of bitcoins and any other digital currencies. Source
“The Crisis in Bitcoin and the Rise of Blockchain” – Fortune | $417.93
Still, based on recent developments, a bitcoin resurgence looks like a long shot. When the final history of bitcoin is written, the currency itself is likely to be just a colorful footnote in the tale of the emergence of a powerful new blockchain technology. Source
“Bitcoin payments around the world are failing as the platform is overwhelmed” – Business Insider | $417.93
The digital currency is on the “brink of technical collapse,” he wrote, and “as a result there’s no longer much reason to think Bitcoin can actually be better than the existing financial system. Source
“The Dream of Buying a Coffee With Bitcoin Is Dying, If It’s Not Already Dead” – Vice | $422.18
There was a time when believers in bitcoin, the virtual currency backed by math instead of any government, thought that it might one day replace cash as a relatively anonymous way to pay for everything from groceries to your morning coffee. Now, that dream might be smack dab in the midst of crashing down, a..
“Debats on Blockchain Eclipse Talk of Basel III at Davos” – FT | $397.80
“We know that bitcoin itself is a complete failure and shows the number one law of programming and software: that anything that can be programmed can be hacked. So nothing is completely secure,” said Willem Buiter, Citi’s chief economist and former member of the Bank of England’s rate-setting committee” Source
“Bitcoin Is Dead, Long Live the Blockchain” – The Street | $397.80
Do not confuse Ethereum with Bitcoin. Bitcoin was never a viable blockchain platform for commerce. Ethereum is. I’ll not address here why Bitcoin is not viable… Source
“The decline of Bitcoin shows you can’t engineer past government” – The Week | $404.23
…the Bitcoin failure does illustrate that human institutions must have politics in addition to technical expertise. Try to engineer around politics, and it will flood back in the most atavistic and unscrupulous forms. Source
“R.I.P. Bitcoin. It’s time to move on.” – Washington Post | $382.00
Let’s also bear in mind what it is that makes some venture capitalists Bitcoin zealots: pure greed. That is the reason clearest to me for Bitcoin’s failure. Intended as a level playing field and a more efficient transaction system, the Bitcoin system has deteriorated into a fight between interested parties over a pool of money. ..