According to the Bitcoin Obituary List, Bitcoin has died 15 times in 2022. The last obituary on Bitcoin’s death was on June 18, in a recent statement: “Bitcoin will not recover.” Interesting What’s more, Google Trends data shows that the search term “Bitcoin is dead” is estimated to have hit an all-time high this week.
The old saying “Bitcoin is dead” is resurrected
Lately, you may have heard “Bitcoin is dead” or something like that. Many people truly believe that Bitcoin is dead, while many believe that cryptoassets are the future of money. The past two weeks have been dire for Bitcoin as the price fell to a low of $17,593 per unit.
The losses over the past three days have been huge, according to analytics firm Glassnode. “Last three days are the largest realized losses in dollar terms in Bitcoin history,” Glassnode detailed. “Over $7.325B in bitcoin Investors spend coins that accumulate at higher prices, locking in losses. “
Meanwhile, two days ago, bitcoin obituary A listing hosted on 99bitcoins.com indicates that Bitcoin has recorded its 15th death of the year. The obituary statement was written by Goldbug and economist Peter Schiff via Twitter.Schiff has always believed that Bitcoin is worthless, he has said many times bitcoinprice tends to zero.Schiff’s Recent Bitcoin Obituaries Dubbed “Bitcoin will not recover,” indicating that the current cryptocurrency crash is only the beginning. Schiff’s obituary statement said:
Long-term holders of Bitcoin are not worried, as they have experienced a 73% drop before. But the previous drop did not involve the total market capitalization lost during this drop, nor did it involve huge leverage. The crash has only just begun. Bitcoin will not recover.
Google searches for ‘Bitcoin is dead’ expected to rise significantly this week
Bitcoin.com recent news report Regarding Schiff’s views on bitcoin last week, when he said that cryptocurrency advocates “need to sell bitcoin to pay the bills that will only get worse as the recession deepens.”Google Trends data shows that the search volume for “Bitcoin is dead” is very high, this week’s GT data score for the phrase “Bitcoin is dead” is expected hit an all-time high.
The last time GT data showed the highest value for the search phrase was during the Terra blockchain fiasco, with the search phrase “bitcoin is dead” reaching 38 out of 100 during the week of May 8-14. So far, the 2022 list beats 2020, 2012, 2011 and 2010, according to the list of Bitcoin obituaries hosted on 99bitcoins.com.
There are about 47 obituaries in 2021, compared to 14 in 2020. The fewest deaths were in 2010, when an obituary titled “Why Bitcoin Can’t Be Money” was published on December 15 of that year. According to the Bitcoin Obituary List, Bitcoin has died 455 times to date.
What do you think of the “Bitcoin is dead” statement and the Bitcoin obituary list? Let us know what you think about this topic in the comments section below.
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