Here's How Many Times Bitcoin Was Declared Dead in 2022
Bitcoin was launched in 2009 by Satoshi Nakamoto and traded under $0.01 during its early days. The cryptocurrency was termed “risky” back then compared to traditional investments , and only a handful of people invested in the token. Investors who purchased Bitcoin during its inception turned millionaires as it shot up in price and reached new milestones. BTC had outperformed the traditional financial markets, gold, and bonds to deliver unbelievable returns. Also Read: Bitcoin: 3 Things That May Affect Its Price in the Next 10 Days Despite its success, the majority of people believe Bitcoin is of no value and has no future. In addition, BTC has extreme volatility and wild swings that average investors will find hard to digest. Therefore, leading media outlets have capitalized on this fear and have repeatedly declared Bitcoin to be dead over the years. In 2022 alone, mainstream news outlets declared Bitcoin ‘dead’ multiple times in a row. The ongoing and...