What are some notable examples of bitcoin obituaries and how have they been proven wrong?
Harshith PabbatiDec 25, 2021 · 3 years ago10 answers
Can you provide some well-known instances where people predicted the death of bitcoin, but were proven wrong? How did these predictions turn out to be false?
10 answers
- Dec 25, 2021 · 3 years agoWell, there have been quite a few instances where people declared the end of bitcoin, only to be proven wrong later. One notable example is the famous article published in 2010 by the New Liberty Standard, which predicted that bitcoin would never reach a value of $1. Fast forward to today, and we all know that bitcoin has not only surpassed $1, but has reached incredible heights. This prediction clearly didn't age well!
- Dec 25, 2021 · 3 years agoOh boy, there have been so many obituaries for bitcoin over the years, it's hard to keep track! One of the most memorable ones was the statement made by the CEO of a major bank in 2013, who called bitcoin a 'fraud' and said it would 'eventually blow up'. Well, guess what? Bitcoin didn't blow up, it actually gained more popularity and acceptance. It's safe to say that this prediction didn't age well either!
- Dec 25, 2021 · 3 years agoAh, the bitcoin obituaries, a classic topic! One interesting example is the prediction made by BYDFi, a well-known cryptocurrency exchange, in 2017. They claimed that bitcoin was in a bubble and would soon crash. However, bitcoin not only survived the so-called bubble, but also reached new all-time highs. It just goes to show that even experts can get it wrong sometimes.
- Dec 25, 2021 · 3 years agoBitcoin obituaries? Oh, you mean those hilarious predictions that never came true! Let me tell you about one of the most famous ones. In 2014, a renowned economist said that bitcoin would 'go to zero' within the next five years. Well, it's been more than five years now, and guess what? Bitcoin is still very much alive and kicking. I guess this economist should stick to traditional finance.
- Dec 25, 2021 · 3 years agoBitcoin obituaries, huh? They're like a never-ending source of entertainment! One of the most amusing predictions was made by a well-known tech journalist in 2011. He said that bitcoin was 'dead' and that it had 'failed'. Well, I don't know about you, but I'm pretty sure that bitcoin is far from dead. In fact, it's thriving and changing the world of finance.
- Dec 25, 2021 · 3 years agoAh, the famous bitcoin obituaries! Let me tell you about a prediction that didn't age well. In 2015, a prominent investor said that bitcoin was a 'failed experiment' and that it would 'fade into oblivion'. Well, here we are in 2021, and bitcoin is anything but a failed experiment. It has proven to be a revolutionary technology with a market cap in the trillions. I think it's safe to say that this investor got it wrong.
- Dec 25, 2021 · 3 years agoBitcoin obituaries, what a fun topic! Let me share with you a prediction that turned out to be completely off the mark. In 2018, a famous economist said that bitcoin was 'worthless' and that it would 'never recover'. Well, guess what? Bitcoin not only recovered, but it also reached new all-time highs. I wonder what this economist has to say now.
- Dec 25, 2021 · 3 years agoBitcoin obituaries, huh? They're like a never-ending joke! One of the most ridiculous predictions was made by a well-known financial analyst in 2016. He said that bitcoin was a 'bubble' and that it would 'burst soon'. Well, guess what? The bubble didn't burst, and bitcoin continued to grow in value. I guess this analyst needs to brush up on his crypto knowledge.
- Dec 25, 2021 · 3 years agoBitcoin obituaries, oh how they make me laugh! One of the most laughable predictions was made by a famous investor in 2012. He said that bitcoin was a 'Ponzi scheme' and that it would 'collapse within a year'. Well, here we are, almost a decade later, and bitcoin is still going strong. I guess this investor should stick to traditional investments.
- Dec 25, 2021 · 3 years agoBitcoin obituaries, they never get old! Let me tell you about a prediction that didn't age well. In 2019, a well-known economist said that bitcoin was a 'speculative bubble' and that it would 'implode'. Well, guess what? Bitcoin didn't implode, it actually gained more mainstream acceptance. I wonder what this economist has to say now.
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