Bitcoin’s death was predicted 466 times

Amid the collapse of the FTX cryptocurrency exchange and the overall market decline, the number of FUD news stories predicting the death of BTC $98,474.16 Bitcoin -0.21% Market capitalization $1.95 trillion VOL. 24 hours $3.55 billion has increased again. According to 99Bitcoins analysts, the flagship cryptocurrency has been predicted to die 466 times over the past 12 years.

Thus, last week, journalists of the Financial Times daily published an article «Let crypto burn «, featuring the opinions of Stephen Cecchetti and Kim Schoenholz. «After the FTX crash, the authorities should resist the urge to create a regulatory framework for the crypto industry. It is far better to do nothing and just let the crypto industry burn,» the researchers said.

«Cryptocurrency has never looked so criminal and us eless,» The Economist wrote at the end of last week. Yahoo! Finance drew attention to the comments of a well-known critic of the VTC, Peter Schiff: «This is not a cryptocurrency winter, this is a cryptocurrency extinction.»

As a reminder, according to September data from 99Bitcoins, in 2022, the media wrote about the «death of bitcoin» 21 times on various news occasions, while in 2021, this figure was higher — 47 times. However, most users and investors continue to believe in the promising future of digital assets and bitcoin in particular. According to Bill Ackman, a billionaire investor and CEO of Pershing Square Capital Management, cryptocurrencies are «here to stay,» despite the recent collapse of the FTX exchange and the market turmoil that followed.