{"id":19737,"date":"2023-04-11T18:51:07","date_gmt":"2023-04-11T18:51:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-defies-6-death-predictions-with-80-price-increase-since-end-of-2022-bitcoin-news\/"},"modified":"2023-04-11T18:51:07","modified_gmt":"2023-04-11T18:51:07","slug":"bitcoin-defies-6-death-predictions-with-80-price-increase-since-end-of-2022-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-defies-6-death-predictions-with-80-price-increase-since-end-of-2022-bitcoin-news\/","title":{"rendered":"Bitcoin Defies 6 Death Predictions With 80% Price Increase Since End of 2022 \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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It\u2019s been more than 100 days since the end of 2022, and the price of bitcoin has risen more than 80% since then. Over the past 30 days, bitcoin has increased by more than 45% against the U.S. dollar. Despite its recovery this year, after a long crypto winter in the previous year, the Bitcoin Obituaries list shows that bitcoin has been declared dead six times by crypto skeptics. The most recent obituary was published on March 14, 2023, by Robin Brooks, the chief economist at the Institute of International Finance, who insists that Bitcoin \u201cis just another bubble asset.\u201d<\/strong><\/p>\n

Despite Bitcoin\u2019s Market Performance This Year, Bitcoin Has Died 6 Times in the Eyes of Skeptics<\/h2>\n

The Bitcoin Obituaries<\/a> list hosted on 99bitcoins.com shows that opponents of bitcoin have declared the leading cryptocurrency dead 473 times since 2010. In 2022, bitcoin was declared dead 27 times, which is lower than in several other years. However, it pales in comparison to the 124 death announcements recorded in 2017 or the 93 listed the following year in 2018. These death notices are not memorials, remembrances, commemorative, or tributes. Instead, they are written by opponents of bitcoin who are unconvinced and believe that the cryptocurrency\u2019s days of glory are numbered.<\/p>\n

The latest bitcoin obituary was written by Robin Brooks, the chief economist at the Institute of International Finance. On March 14, he wrote<\/a>: \u201cSo it turns out that bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara bitcoin\u2026\u201d In addition to Brooks, there are five more obituaries regarding bitcoin\u2019s so-called deaths in 2023. Prior to Brooks\u2019 statement, Harvey Jones, the personal finance editor of the Daily Express, called bitcoin a Ponzi scheme, stating<\/a>:<\/p>\n

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Bitcoin and all the pathetic fake currencies that popped up in its wake are the worst thing to happen to the investment world in my lifetime. They are a joke wrapped in a fraud, wrapped in a Ponzi scheme and sold as a get-rich-quick investment opportunity.<\/p>\n<\/blockquote>\n

Among the skeptics who have written bitcoin obituaries in 2023 are Robert Park of the Cincinnati Enquirer, JPMorgan CEO Jamie Dimon<\/a>, geopolitical expert Peter Zeihan, CNBC anchor Jim Cramer, and former U.S. Securities and Exchange Commission official John Reed Stark. Both Park and Dimon compare bitcoin to a Ponzi scheme, as have dozens of other skeptics before them. Like gold advocate Peter Schiff<\/a>, Zeihan believes that BTC<\/a>\u2019s value will drop to zero and even negative price territories.<\/p>\n

\u201cCrypto is now in the process of going to zero except for bitcoin which will probably go negative because if we\u2019re moving into a world with carbon taxes you have to take into account the energy to produce it in the first place,\u201d Zeihan said<\/a>.<\/p>\n

The Bitcoin Obituaries list hosted on 99bitcoins.com is, of course, a joke played on the writers of these eulogies, with the purpose of enshrining their bad takes on the internet forever. Since the first death announcement<\/a> in 2010, bitcoin\u2019s value and network effect have grown immensely. It is currently the world\u2019s 11th most valuable asset<\/a> in terms of market capitalization, ranking just below Tesla\u2019s net worth and above Meta\u2019s market valuation.<\/p>\n

Despite being a decentralized cryptocurrency that is not backed by a government or corporation, has no marketing team, board members, or CEOs, and has been attacked by all of these entities over the last 14 years, people still believe that the leading digital currency is doomed, simply because they say so.<\/p>\n

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2023 bitcoin deaths<\/a>, 99bitcoins.com<\/a>, bad takes<\/a>, Bitcoin<\/a>, bitcoin death<\/a>, bitcoin deaths<\/a>, Bitcoin funeral<\/a>, Bitcoin Obituaries<\/a>, Bitcoin Obituaries list<\/a>, blockchain technology<\/a>, bubble asset<\/a>, carbon taxes<\/a>, Corporation<\/a>, Crypto Winter<\/a>, Cryptocurrency<\/a>, Decentralized<\/a>, Digital Currency<\/a>, Diversification<\/a>, Energy Consumption<\/a>, eulogies<\/a>, financial world<\/a>, Fraud<\/a>, get-rich-quick<\/a>, Government<\/a>, investment<\/a>, leading cryptocurrency<\/a>, Market Capitalization<\/a>, Market Performance<\/a>, Market Valuation<\/a>, Meta<\/a>, Network Effect<\/a>, Obituaries<\/a>, Ponzi Scheme<\/a>, Skeptics<\/a>, store of value<\/a>, Tesla<\/a>, Yield<\/a><\/div>\n<\/div>\n

What are your thoughts on the Bitcoin Obituaries list in 2023? Do you think bitcoin is here to stay or is its demise imminent? Share your opinion in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, MikeDotta \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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