Number of Bitcoin obituaries to drop significantly in 2023

After many Bitcoin doomsday claims in 2021 and 2022 – 47 and 27 Bitcoin doomsday claims respectively on the Bitcoin obituary list, 2023 recorded only 8 claims. The last statement came at the end of the year and was attributed to cryptocurrency advocate Arthur Hayes, who later warned that if Bitcoin exchange-traded funds (ETFs) were too successful, “they will completely destroy Bitcoin.”

source: 99bitcoins.com

obituary SecondItcoin will gradually fall in 2023

In 99bitcoins.com’s Bitcoin obituary list, there are 8 statements about the death of Bitcoin in 2023. Aside from 2010, 2011, and 2012, last year had one of the lowest number of Bitcoin obituaries. There was 1 obituary in 2010, 6 obituaries in 2011, and 1 obituary in 2012. It’s worth noting that the year’s initial claims about Bitcoin’s demise came from former U.S. Securities and Exchange Commission (SEC) official John Reed Stark and CNBC television host Jim Cramer.

Interestingly, while Stack continues his usual critical tone, Cramer has recently changed his stance and now asserts that Bitcoin “is here to stay.” However, in his first eulogy of the year, Cramer advised people to give up their cryptocurrency holdings. The list of individuals who issued death calls last year includes geopolitical analyst Peter Zeihan, JPMorgan CEO Jamie Dimon and venture capitalist Chamath Palihapitiya, according to the 2023 Roundup.

Well-known financial journalist Harvey Jones claimed in March that BTC and the cryptocurrency market were both scams. Jones commented vehemently:

“Bitcoin and all the pathetic fakes that come with it are the worst thing to happen to the investing world in my lifetime. They are a scam, a Ponzi scheme, and are being sold as a get-rich-quick investment opportunity.”

Meanwhile, a recent article by CIO Maelstrom and former Bitmex head Arthur Hayes provides closing remarks for 2023. Although Hayes is a well-known Bitcoin and cryptocurrency advocate, he dissented, claiming that a spot Bitcoin ETF could fundamentally destroy BTC. He speculated on a scenario where a few select entities owned all the Bitcoins, causing remittances to stall, causing serious problems for miners.

Hayes made it clear:

“If Bitcoin becomes merely a state-controlled financial asset, it will die out of lack of use. Bitcoin’s demise will create space for the development of another cryptocurrency network.”

Since 2010, the Bitcoin Obituary List has recorded 475 eulogies to the cryptocurrency king. While there were relatively few death notices in 2023, the peak was in 2017 with 124 obituaries. The number of deaths was also high at 93 in 2018, which halved to 41 in 2019. It is worth noting that despite Covid-19 fluctuations in 2020, only 14 deaths were announced. As the digital currency and Bitcoin landscape continues to evolve, the ongoing narrative about Bitcoin’s potential demise persists, along with its resilience and increasingly mainstream adoption.

You can check coin prices here.

Join Bitcoin Magazine on Telegram: https://t.me/tapchibitcoinvn

Follow on Twitter (X): https://twitter.com/tapchibtc_io

Follow Douyin: https://www.tiktok.com/@tapchibitcoin

HomeHomepage

According to Bitcoin News