Bitcoin is a Ponzi scheme, optionally also a pyramid scheme, definitely worthless, of no real use and near the end – in short: Bitcoin is dead, again. The cryptocurrency was buried in the media for the 461st time. But this time for good, right?
Things can get wild in the crypto market. However, it is not only the prices that are highly volatile, the opinions of supposed experts are also known to vary widely. On the one hand the to-the-moon tourette of the crypto market criers, on the other the long noses of the prophets of the crash. In no other financial niche is the noise about rising and falling prices louder.
A list of Bitcoin obituaries shows the absurd extent: Bitcoin has already died 461 times in the English-speaking media. And hundreds more are likely to follow. Whether BTC is currently at six or sixty thousand dollars, every day is a good day to die for Bitcoin.
The ping-pong game about the more extreme price forecasts is profitable for both sides: sensational headlines bring clicks, clicks bring money – the right, not the scraping crypto money. It doesn’t matter whether Bitcoin – but this time really – bites the dust or – definitely very soon – should be worth a million dollars. The attention span abused by social media is vulnerable to both.
According to 99bitcoins, despite the drastic price slump from almost 50,000 to currently 20,000 US dollars in 2022, we are still in the middle with 21 obituaries so far. In 2017, Bitcoin died the most – a total of 124 times, i.e. every three days. On the other hand, the cryptocurrency still makes a very lively impression.
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