2024

Bank AI

Bitcoin

BlackRock

<div class="finbold">
 <p class="paragraph">Throughout its history, Bitcoin (BTC) has many <a rel="noopener noreferrer nofollow" title="times" href="https://thebittimes.com/tag/times.html">times</a> been deemed a failure and <a rel="noopener noreferrer nofollow" title="declared" href="https://thebittimes.com/tag/declared.html">declared</a> dead by critics and skeptics. Interestingly, Bitcoin’s price has increased by $21,000 since the last time it happened in 2024.</p>
 <p class="paragraph">From traditional finance investors to business owners, government entities, and other high-influence figures, Bitcoin “has died” 476 <a rel="noopener noreferrer nofollow" title="times" href="https://thebittimes.com/tag/times.html">times</a> since 2010. This data is from <em>99Bitcoins</em>’ obituaries.</p>
 <p class="paragraph">The leading cryptocurrency was <a rel="noopener noreferrer nofollow" title="declared" href="https://thebittimes.com/tag/declared.html">declared</a> dead once in 2024. In particular, through a blog article by the European Central Bank (ECB), which said, “Bitcoin has failed.” On this occasion, BTC was trading at $51,304, now up over 40% at $73,000 by press time.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="589" src="https://cdn.thebittimes.com/images/2024/03/14/e0409bf2e788faa57cdd9da541a769bc.webp" alt class="wp-image-160983" srcset="https://cdn.thebittimes.com/images/2024/03/14/e0409bf2e788faa57cdd9da541a769bc.webp 1024w, https://cdn.thebittimes.com/images/2024/03/14/e0409bf2e788faa57cdd9da541a769bc.webp 300w, https://cdn.thebittimes.com/images/2024/03/14/e0409bf2e788faa57cdd9da541a769bc.webp 768w, https://cdn.thebittimes.com/images/2024/03/14/e0409bf2e788faa57cdd9da541a769bc.webp 1488w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Bitcoin obituaries in 2024. Source: <em>99Bitcoins</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-previous-<a rel=" dofollow title="times" href="https://thebittimes.com/tag/times.html" rel="noopener noreferrer nofollow">times-when-bitcoin-was-<a rel="noopener noreferrer nofollow" title="declared" href="https://thebittimes.com/tag/declared.html">declared</a>-dead"&gt;Previous <a rel="noopener noreferrer nofollow" title="times" href="https://thebittimes.com/tag/times.html">times</a> when Bitcoin was <a rel="noopener noreferrer nofollow" title="declared" href="https://thebittimes.com/tag/declared.html">declared</a> dead</h2>
 <p class="paragraph">Previously, 2023 was a year of eight death declarations to Bitcoin, with the last one happening on December 27. At that time, Forbes stated that BlackRock would “completely destroy Bitcoin.”</p>
 <p class="paragraph">Notably, BlackRock Inc (NYSE: BLK) has constantly invested in the leading cryptocurrency ecosystem. Currently, the financial giant owns the largest Bitcoin spot ETF in the market and is a major shareholder in all United States mining companies.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="630" src="https://cdn.thebittimes.com/images/2024/03/14/7b0a048ba4a6bdec99c096e25714dc15.webp" alt class="wp-image-160984" srcset="https://cdn.thebittimes.com/images/2024/03/14/7b0a048ba4a6bdec99c096e25714dc15.webp 1024w, https://cdn.thebittimes.com/images/2024/03/14/7b0a048ba4a6bdec99c096e25714dc15.webp 300w, https://cdn.thebittimes.com/images/2024/03/14/7b0a048ba4a6bdec99c096e25714dc15.webp 768w, https://cdn.thebittimes.com/images/2024/03/14/7b0a048ba4a6bdec99c096e25714dc15.webp 1488w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Bitcoin obituaries in 2023. Source: <em>99Bitcoins</em>
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 <p class="paragraph">It is worth noting that <em>99Bitcoins</em> describes Bitcoin deaths and obituaries as follows:</p>
 <blockquote class="wp-block-quote">
  <ul>
   <li>The content itself (not just the headline) must be explicit about the fact that Bitcoin is or will be worthless (no “maybe” or “could”).</li>
   <li>The content was produced by a person with a notable following or a site with substantial traffic.</li>
  </ul>
 </blockquote>
 <h2 class="wp-block-heading" id="bitcoin-criticisms-and-points-of-failure">Bitcoin criticisms and points of failure</h2>
 <p class="paragraph">Despite the hyperbolic nature of a “Bitcoin death” statement, many of its obituaries contain thoughtful and valid criticisms.</p>
 <p class="paragraph">Unfortunately, instead of considering the fundamental thesis behind its occurrence, the leading cryptocurrency advocates create memes and throw personal attacks against its critics. This is a cultural inheritance from a movement called “toxic maximalism.”</p>
 <p class="paragraph">For example, it is true that BlackRock’s endeavor in the cryptocurrency world comes with risks of higher centralization. Additionally, the network itself has shown signals of a centralization trend over time, often overlooked by the so-called “Bitcoin maximalists.”</p>
 <p class="paragraph">Also, the ECB’s failure statement in 2024 points out the failure of Bitcoin as a currency or a means of payment, which is already mostly accepted by its most vocal supporters, like Michael Saylor. On March 11, MicroStrategy’s (NASDAQ: MSTR) former CEO said, “[Bitcoin] doesn’t have to be a currency,” in an interview for CNBC.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">#Bitcoin is Digital Property. It is superior to other investments such as Gold, Equity, or Real Estate because it is digital, available, global, ethical, &amp; useful to millions of companies and billions of people. pic.twitter.com/738dblB0Zt</p>— Michael Saylor️ (@saylor) March 11, 2024
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 <p class="paragraph">Therefore, investors must be open to deeply studying and understanding Bitcoin or other assets in which they are investing. Bitcoin may not “die,” but it certainly has points of failure and potential improvements.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/revealed-how-many-times-bitcoin-declared-dead-in-2024-tbt82480.html">https://thebittimes.com/revealed-how-many-times-bitcoin-declared-dead-in-2024-tbt82480.html</a></p>

Revealed: How many times Bitcoin declared dead in 2024

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TheBitTimes

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