Friday, July 1

Bitcoin “died” 45 times in 2021 while media still eager to publish BTC obituaries By CoinTelegraph

© Reuters. Bitcoin “died” 45 times in 2021 while the media is still eager to publish BTC obituaries

As () was hitting new all-time highs above $ 68,000 this year, critics of the global cryptocurrency increasingly criticized BTC for its extreme volatility and potential risks.

According to Bitcoin Obituaries data from the Bitcoin education portal 99Bitcoins, the original cryptocurrency was declared “dead” up to 45 times in 2021, which is at least three times more than in 2020.

  • Cryptocurrency community responds to new criticism of Charlie Munger against Bitcoin

Despite the growing number of critics of Bitcoin in 2021, the number of obituaries is still significantly lower this year than it was in 2017, the year BTC first reached close to $ 20,000. That year, Bitcoin “died” 124 times.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.