{"id":15035,"date":"2021-12-06T16:54:04","date_gmt":"2021-12-06T16:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/2021s-btc-obituary-list-accelerated-this-year-41-alleged-bitcoin-deaths-recorded\/"},"modified":"2021-12-06T16:54:04","modified_gmt":"2021-12-06T16:54:04","slug":"2021s-btc-obituary-list-accelerated-this-year-41-alleged-bitcoin-deaths-recorded","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/2021s-btc-obituary-list-accelerated-this-year-41-alleged-bitcoin-deaths-recorded\/","title":{"rendered":"2021\u2019s BTC Obituary List Accelerated This Year, 41 Alleged Bitcoin Deaths Recorded"},"content":{"rendered":"

As bitcoin and a number of crypto assets have dropped in value during the last two weeks, its seems that everyone\u2019s hope for six-digit bitcoin prices has become unattainable. However, year-to-date, bitcoin has risen more than 150% in value and despite the rise, skeptics and critics continue to assume bitcoin is dead. In fact, the infamous bitcoin obituary list indicates that 2021 is tied with 2019 for having the third-largest number of obituaries in a year.<\/strong><\/p>\n

Bitcoin Obituaries: 2021 Is Now Tied With 2019<\/h2>\n

On November 10, bitcoin (BTC<\/a>) tapped an all-time price high at $69K per unit and has since slid below the $50K zone. It seems that higher prices give skeptics the opportunity to declare bitcoin is dead after the leading crypto asset sheds a decent amount of value during market downturns. In 2017, when BTC<\/a> came awfully close to reaching $20K per unit, the bitcoin obituaries list<\/a>, hosted on 99bitcoins.com shows that there were 124 bitcoin deaths that year.<\/p>\n

The second-largest year for BTC<\/a> obituaries was the following year in 2018, as there were 93 declarations made saying bitcoin has met its demise. This month, 2021 has tied 2019 for the third-largest number of bitcoin deaths in a year\u2019s time. Following the crypto bear market after 2017\u2019s all-time price high, 2019 captured an aggregate of 41 bitcoin obituaries. As of November 29, 2021, 2021 has accrued the same amount of death sentences.<\/p>\n

The last obituary written about BTC<\/a>, on November 29, was published by the author Bill Blain via the website capx.co. The bitcoin obituary is called \u201cBitcoin Is Nothing But A Ponzi Scheme,\u201d and Blain claims cryptocurrencies also accelerate inflation.<\/p>\n

https:\/\/t.co\/vUM0HqkFZ3<\/a><\/p>\n

Cryptocurrencies are a classic illustration of the economic theory of the ‘greater fool\u2019\u2026
Bitcoin only has value as long as there’s more dupes to sell it to
If something has to explain to you why it’s money, it isn’t#markets<\/a> #investing<\/a> #Crypto<\/a><\/p>\n

\u2014 Bill Blain (@Bill_Blain) November 30, 2021<\/a><\/p>\n<\/p>\n

\u201cCrypto is bogus, and is not money,\u201d the bitcoin obituary written by Blain insists. \u201cIt\u2019s far too volatile to be a store of value, it is scarce and not a unit of account. I could explain why it can\u2019t work as money because it is likely to prove an inflationary accelerant, equivalent to pouring petrol on a fire.\u201d<\/p>\n

Bill Blain: \u2018Regulators Will Be Exposed for Not Acting Earlier\u2019<\/h2>\n

Furthermore, Blain says that once in a while he reads about the blockchain technology behind digital assets. \u201cPeriodically, I delve into the myriad of utter rubbish that masquerades as the blockchain genius, the maths and computing logic behind cryptos,\u201d Blain stresses in his opinion piece. \u201cRead it yourself \u2013 it\u2019s 10% fascinating and 90% utter garbage. Mathematical dyslexia puked out and dressed up as original thinking and \u2018proof of concept.\u2019\u201d Blain\u2019s scathing review of the crypto economy adds:<\/p>\n

Cryptos have thrived because social media, the internet and connectivity have made it easy to disseminate the con around the global markets at incredible speed. They\u2019ve succeeded because regulators haven\u2019t stopped them \u2013 hat-tip to the Chinese for being ahead of the regulatory pack in that regard. Someday, the last greater fool will want his money back, and regulators will be exposed for not acting earlier.<\/p>\n

Despite Blain\u2019s opinion and the 40 other bitcoin obituaries that preceded his opinion editorial, bitcoin (BTC<\/a>) is alive and well. There are not many assets that exist in this world that could be called \u201cdead\u201d or \u201cnear-deceased\u201d after climbing more than 150% higher in value in 12 months. Blain also criticizes cryptocurrencies in general, many of which have seen their values swell by significantly larger percentages than BTC<\/a>\u2019s year-to-date gains.<\/p>\n

The number of so-called bitcoin deaths in 2021 recorded on 99bitcoins.com is also much larger than BTC<\/a>\u2019s first four years of bitcoin obituaries combined. This shows that the more BTC<\/a> and the crypto economy mature, the more blowback they seem to get from critics and skeptics. While there\u2019s been a lot of 2021 death calls, it seems as though they are just not strong enough theories to stop bitcoin from gathering another year\u2019s worth of obituaries in 2022.<\/p>\n

What do you think about the bitcoin obituaries list gathering 41 deaths this year? What do you think about Bill Blain\u2019s recent opinion editorial? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, 2017 deaths, 2018 deaths, 2019 deaths, 2021 deaths, 41 deaths, 99bitcoins.com, Bill Blain, bitcoin deaths, bitcoin is dead, bitcoin obituary, Critics, Crypto, crypto economy, Cryptocurrencies, Dead 41 times, Death, death calls, Death Sentence, op ed articles, opinions, Ponzi, Skeptics<\/p>\n","protected":false},"excerpt":{"rendered":"

As bitcoin and a number of crypto assets have dropped in value during the last two weeks, its seems that everyone\u2019s hope for six-digit bitcoin prices has become unattainable. However, year-to-date, bitcoin has risen more than 150% in value and despite the rise, skeptics and critics continue to assume bitcoin is dead. In fact, the…<\/p>\n","protected":false},"author":0,"featured_media":15036,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15035"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15035"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15036"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}