Times When Bitcoin Was Declared Dead in 2024

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Hey folks.

Throughout the history of Bitcoin, it has been deemed a failure and declared dead by skeptics and critics. Interestingly, since the last time it happened in 2024, the price of Bitcoin has increased by $21k.

Once in 2024, Bitcoin was declared dead. In particular, through a blog article shared by the European Central Bank (ECB), saying "Bitcoin has failed". At that time, Bitcoin was priced at $51,304 and recently it has shown a surge of over 40% at $73,000.

Previously, the eight death declarations to Bitcoin was the year 2023, with the last one occurring in December.

Even when a "Bitcoin death" announcement is exaggerated, many of its obituaries offer insightful and pertinent observations.

Unfortunately, advocates of the leading cryptocurrency create memes and throw personal attacks against its critics rather than taking into account the fundamental thesis behind its occurrence.

The statement of Bitcoin's failure by ECB in 2024 points out the failure of the leading cryptocurrency as a currency or a means of payment.

Therefore, investors must study deeply and understand Bitcoin or other assets in which they are trying to invest.

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Website: www.newsintercept.com

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