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In the world of cryptocurrencies, Bitcoin has been declared dead more times than one can count.
Over the past year, the digital currency has been pronounced dead numerous times, yet it continues to rise, proving its resilience and potential as a disruptive technology.
According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, Bitcoin was declared “dead” four times in 2023. Despite these obituaries, Bitcoin continues to thrive and gain acceptance in various sectors.
One of the most significant criticisms of Bitcoin is its price volatility. As Bitcoin’s price took a sharp dive to “pre-Elon Musk pump” levels of $30,000, mainstream media took an unsurprising approach, covering the market-wide crash by announcing that Bitcoin is dead.
The end of Bitcoin (BTC) has now been announced more than 400 times in 12 years.