Against the Odds: Bitcoin Sees Fewest Obituaries in Ten Years

With two-thirds of the twelvemonth done, the Bitcoin Obituaries database has recorded a diminution successful memorials compared to the past 10 years, tallying conscionable 7 alleged bitcoin decease announcements successful 2023. The past sentiment of demise was voiced by tech magnate Chamath Palihapitiya, who proclaimed “crypto is dormant successful America” past April.

Bitcoin’s Steady 2023: Only 7 ‘Deaths’ So Far

Since April 27, 2023, spanning astir 161 days, Bitcoin and the broader crypto realm person been escaped from immoderate decease proclamations. The Bitcoin Obituaries database connected 99bitcoins.com reveals a tally of conscionable 7 specified deaths this year, marking the fewest since 2012. For context, the database documented a lone eulogy successful 2010, six successful 2011, and a singular 1 successful 2012.

Come 2013, the communicative shifted with a surge to 17 recorded bitcoin decease announcements. In 2014, the number roseate to 29 and further climbed to 39 successful 2015. However, 2016 saw a dip, registering 28. But the highest came successful 2017, with a staggering 124 bitcoin eulogies noted. To date, 2017 holds the grounds for the astir bitcoin obituaries successful immoderate fixed year.

In 2018, bitcoin faced 93 decease declarations from skeptics, and 2019 witnessed 41 specified announcements. The number dwindled to 14 successful 2020 but rebounded to 47 successful 2021. Last year, 2022, showed a mean uptick with 27 recorded. As we caput into the last 3rd of this year, we’d request different 8 bitcoin decease proclamations to surpass 2020’s tally. The astir caller death proclamation came successful April, courtesy of Chamath Palihapitiya, who declared, “crypto is dormant successful America.”

He made this bold assertion connected an occurrence of the “All-In” podcast, which delved into a myriad of topics and technologies. Prior to that, main economist Robin Brooks had weighed in, suggesting that bitcoin turns retired to beryllium “just different bubble plus that blows up erstwhile the Fed gets superior astir hiking involvement rates.” When Palihapitiya delivered his crypto eulogy, BTC was priced astatine $27,817.50 per unit. Fast guardant to October 5, 2023, and it’s hovering astir a akin mark.

What bash you deliberation astir the debased magnitude of bitcoin eulogies this year? Share your thoughts and opinions astir this taxable successful the comments conception below.