Milestone: Bitcoin has not been declared dead in over a year
Main Idea
Bitcoin has gone over a year without being declared 'dead' by major media or financial commentators, reflecting its growing maturity and stability, supported by regulatory approvals and institutional investments.
Key Points
1. The last notable 'Bitcoin is dead' claim was on April 17, 2024, when Bitcoin's price was around $60,996.
2. The 'Bitcoin obituary' tracker counts 477 'deaths' since Bitcoin's inception, with hypothetical $100 investments at each claim now worth over $123.47 million.
3. The prolonged absence of new 'death' pronouncements coincides with the SEC's approval of spot Bitcoin ETFs in March 2024, which spurred significant institutional inflows.
4. Bitcoin's price has remained strong, trading at $118,890 as of the article's publication, with a $120,000 target in sight.
5. Bitcoin's cultural narrative has matured, contributing to its perceived stability and reduced skepticism.
Description
Amid the ongoing Bitcoin ( BTC ) bull run, the asset has achieved a notable milestone where over a year has passed without it being declared “dead” by major media outlets or financial commentators. Data from the Bitcoin Obituaries tracker , which records each instance where the cryptocurrency is pronounced worthless or doomed, shows the most recent entry was on April 17, 2024, when an X post claimed ‘BTC Headed to the End Game.’ At the time, Bitcoin’s price hovered around $60,996. Earlier, on Fe...
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