Bitcoin 'Died' 90 Times In 2018

December 25, 2018 Cryptocurrency

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The rumors of bitcoin 's death are greatly exaggerated, according to the stunning number of obituaries.

The original cryptocurrency has died 90 times in 2018, according to 99 Bitcoins. It is less than the 125 times it died in 2017.

Despite the fact that the bitcoin's media profile has never been higher. Google searches for bitcoins have rocketed to record highs.

Google Searches For Bitcoin Soared

As CCN reported, Google searches for "bitcoin" recently topped online searches for President Donald Trump. What's the season?

It's safe to say that bitcoin and the cryptocurrency industry have entered the mainstream consciousness.

A year ago, bitcoin and the crypto market were fringe topics that were mostly a curiosity to readers of financial news. Today, the mainstream business outlets cover bitcoins daily price fluctuations and the emerging blockchain industry on a daily basis.

bitcoin is dead obituary meme
(CCN meme / Pixabay photo)

Here's a flashback to some of the most memorable, recent proclamations that "bitcoin is dead."

Atulya Sarin, a finance professor at Santa Clara University, insists that bitcoin will never supplant gold as a store of value, so bitcoiners should just give it up already.

It appears bitcoin is now entering a death … bitcoin will quickly go to zero.

"I see bitcoin as a dead man walking," said Peter Mallouk, president of Creative Planning, at Kansas investment firm.

The recent precipitous drop may be the beginning of its inevitable and inexorable death spiral.

Mallouk said future generations will read about bitcoins in finance textbooks as a cautionary about the dangers of delusional zealots "desperate to make a silk purse out of a sow's ear."

Environmentalists – who claim crypto mining is an existential threat to humankind – are breathlessly celebrating the bear market, saying it's a sure sign that bitcoin is "will soon be no more."

Teen crypto millionaire Erik Finman said "bitcoin is dead" because it's "too fragmented" and there's too much infighting within the ecosystem.

It may have a bull market or two left in it, but long-term, it's dead, "Finman predicted.

Crypto entrepreneur Calvin Ayre – an advocate of Bitcoin Cash Satoshi Vision (SV) – predicts that the bitcoin price will plunge to zero in 2019 because it's worthless.

It has no utility. It does not do anything.

Ironically, Ayre claims that the original bitcoin is an impostor and that Bitcoin SV is the "real bitcoin."

Despite these noisy protestations, bitcoin is still alive and kicking. Moreover, even its harshest critics have heaped praise on blockchain, the revolutionary technology underpinning crypto.

2018 will be a blockbuster year of an unprecedented expansion fueled by a surge in institutional investments.

Winklevoss: 'Failure of Imagination' Blinds Haters

Early bitcoiners like the Winklevoss twins, Tyler and Cameron, are unfazed by the current market slump and are betting on the long-term future of crypto.

As for bitcoin skeptics who can not see its potential, Tyler Winklevoss said they suffer from an epic "failure of imagination."

Happy holidays from CCN!

Featured image from Shutterstock.

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