İstanbul escort bayan sivas escort samsun escort bayan sakarya escort Muğla escort Mersin escort Escort malatya Escort konya Kocaeli Escort Kayseri Escort izmir escort bayan hatay bayan escort antep Escort bayan eskişehir escort bayan erzurum escort bayan elazığ escort diyarbakır escort escort bayan Çanakkale Bursa Escort bayan Balıkesir escort aydın Escort Antalya Escort ankara bayan escort Adana Escort bayan

Bitcoin Declared ‘Dead’ Over 200 Times in the Last Five Years – Yet It’s ‘Alive’

Date:

According to the new research published by BitStacker, Bitcoin has been declared as being ‘dead’ over 200 times in the past five years.

Indeed, the study reveals that there have been 219 reported ‘deaths’ of Bitcoin since 2018. So far, 2022 has experienced 24 Bitcoin ‘deaths’ which is actually a fall compared to the previous year.

In order to qualify as being a Bitcoin ‘death’, there must have been a report stating that Bitcoin is or will be worthless, and this report should come from a public figure or a website with substantial traffic. 

Rumors of Bitcoin’s demise may be greatly exaggerated

The findings hint about the fact that Bitcoin’s inherent volatility may be becoming less newsworthy. The cryptocurrency is still in the midst of a ‘crypto winter’ that has seen its value plummet from $64,000 in November 2021 to just $19,000 in June 2022.

However, such negativity has not been matched by an increase in the reports of Bitcoin’s ‘death’. In fact, there has so far been a 49% decrease in Bitcoin obituaries compared to 2021.

Bitcoin experienced the greatest number of reports of its passing in 2017. This came at a time when the cryptocurrency suffered one of its greatest crashes, losing 45% of its value overnight. As a result, there was a 343% increase in the reports of Bitcoin’s death in 2017.

Kris Lucas, BitStacker.com analyst said: “It is fascinating to see how resilient Bitcoin really is. Operated by no one, truly decentralised and free financial tool is being buried times and times again by influential outlets and famous people, yet – it’s ‘alive’’.

Share post:

Popular

More like this
Related

The Role of Unlisted Shares in Wealth Management Portfolios

Contributing is not bound to the recognizable domain of...

Rising inflation proves cost of living crisis is far from over, warns the Women’s Budget Group

The unexpected uptick in inflation to 4% from 3.9%,...

Türkiye’s leading home and lifestyle brand Karaca expands its presence in the UK

Karaca brand, a brand that enjoys a well-established  50-year...

METIS Consulting Chairperson: “Turkish glass industry gains global traction ahead of Eurasia Glass Fair”

The Turkish glass industry is gaining in momentum internationally,...