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 Declining, but Is It Dead?” – Government Technology | $236.61
Is Bitcoin on its death bed? That was the question posed during a Sept. 21 panel at Tech Crunch Disrupt – a conference in San Francisco, as Bitcoin proponents speculated on the digital currency’s lackluster performance for venture capitalists and whether it would ever see a comeback. Source
“Distributed Ledgers Part I – Bitcoin is dead” – Pascal Bouvier | $281.47
We have yet to see any meaningful adoption in the retail world and the institutional world seems quite lukewarm. . . . The deflationary quality of [Bitcoin](https://99bitcoins.com/) – by design and not by accident – is a major drawback. Deflation naturally encourages hoarding and delays spending, which is the behavior we are witnessing with BTC holders.
“Bitcoin will bite the dust” – Cato Journal | $273.66
March 1, 2015, Professor Kevin Dowd wrote a paper titled “Bitcoin Will Bite the Dust.” Citation: Down, K., & Hutchinson, M. (2015). Bitcoin Will Bite the Dust. The Cato journal, 35(2), 357-382 Source: https://durham-repository.worktribe.com/output/1341729/bitcoin-will-bite-the-dust
“Bitcoin Is Unsustainable” – Motherboard | $253.99
In light of the above analysis, Bitcoin’s power usage per transaction isn’t remotely sustainable as a wholesale replacement for the conventional financial system. In the future, Bitcoin could massively gain popularity, pile on millions more transactions, and still be unsustainable due to the arms race between miners. Source
“Bitcoin isn’t the future of money — it’s either a Ponzi scheme or a pyramid scheme” – Washington Post | $236.73
Sometimes it’s hard to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme. Whatever it is, though, it isn’t a currency. . . . It’s not clear what Bitcoin is or what it will be, but it is clear what it’s not. It’s not a currency.
“The Death of Bitcoin” – Tony Arcieri | $234.43
I don’t think Bitcoin is the correct technology to build these sorts of ideas on. I understand and strongly sympathize with the desire to move to decentralized systems and plan on eventually working in that space myself, but between Bitcoin’s efficiency problems and poor tolerance of network partitions, I do not think it’s suitable as a general purpose global decentralized database in the way people want to use it.
“Why Bitcoin’s male domination will be its downfall” – Fusion | $235.13
Bitcoin, at its core, is an attempt to solve big socioeconomic problems through technology. But so long as it remains an overwhelmingly male domain, it’s going to continue to concentrate on the economic problems, while missing the big social problems. Which means that it’s going to continue going nowhere.
“Bitreserve’s new COO: bitcoin will go away in 5 years” – Coinfox | $223.57
“I’ll be surprised if bitcoin is here in five years,” he said. “It’s a means to an end. The value of bitcoin isn’t the currency, but the technology. I think once the world becomes more accustomed and attuned to the platform of bitcoin, the noise will go away, and the currency will go away too…
“Bitcoin is going to disappear” – IEX.nl | $246.28
The price of Bitcoin lost most of its value since its parabolic rise and speculators have lost a lot of money. The next electronic payment technology will be very large. We eagerly await the next version of electronic money to appear.
“‘I think they will start breaking toes’: Evolution Marketplace goes down in massive Bitcoin heist” – News.com.au | $263.46
Another multi-million dollar Bitcoin heist could be the nail in the coffin for the troubled cryptocurrency.
“Predictions for 2015” – Financial Times | $282.55
Nevertheless, the chances of bitcoin, the most popular of this new breed of self-clearing financial instruments, making it as a mainstream currency are now zero. Prices have been floundering at around $350 a coin for months, escalating losses for those who invested at last year’s $1,200 highs. Add to this a stream of high-profile scandals over the past year, such as the collapse of Tokyo-based currency exchange Mt Gox in February, and you realise it is not a question of if but when the public loses interest in this experiment entirely.
“Bitcoin Futures Will Be The Death Of Bitcoin” – BTC Feed | $236.81
It doesn’t take a genius to realize that if a Bitcoin futures market is implemented, in the United States and Europe, the large speculators with bankrolls in the billions, will be more than happy to turn bitcoin into another crude oil-style pump-and-dump. In the case of Bitcoin, the volatility will kill any chance bitcoin ever had of becoming a medium of exchange.