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In 2016, experts predicted death of Bitcoins 28 times

On December 21, Bitcoin’s price has entered the maximum values since February 2014, breaking the mark of $800..

We must assume, this event was a surprise to many financial analysts who repeatedly predicted the collapse of the cryptocurrency.

So, just for this year reports of inevitable death' of Bitcoin appeared 28 times. 99bitcoins website presents such statistics. At the same time last 'predictions' were made on 7th and 8th of December, when the price of Bitcoin was $ 766.26 and $ 771.23 respectively.

It is noteworthy that both users of social networks and forums, as well as reputable business publications such as Forbes, Guardian, Washington Post and others predicted a sad fate of Bitcoin. Bloomberg and the business magazine Fortune which declared the imminent death of Bitcoin four times each have become champions.

"Is Bitcoin doomed?" wonders Newsweek edition on November 12.

"Bitcoin is dead," said the expert from Yahoo News Daniel Roberts in April.

"Bitcoin is gaining speed, but do not pay attention to it," said the analysts from Wall Street Journal in June.

A complete list of forecasts can be found here.

Note that since 2010 these forecasts were made 118 times. The last year was the ‘darkest,’ during which the end of the world's most popular cryptocurrency was predicted 41 times. The most ‘optimistic’ was 2010: in December the rate was $0.23, and The Underground Economist publication stated that Bitcoin cannot be a currency. In addition, in 2012 the Houston Chronicle edition considered young cryptocurrency doomed to fail fast.

However, today's exchange rate, amounting at the time of the publication of more than $820, refutes all such forecasts. And cryptocurrency enthusiasts, who believe in the bright future of Bitcoin, even recorded a song about its ‘prompt death.’

Source: forklog

  • December 23, 2016 1:24 PM MSK