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Bitcoin has been declared ‘dead’ more times in 2025 than all of 2024
By: bitcoin ethereum news|2025/05/14 18:15:05
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⚈ Bitcoin has faced 430 such declarations since its inception. ⚈ High-profile figures like Peter Schiff, Eugene Fama, and Anatoly Yakovenko continue to dismiss Bitcoin. Despite hitting a new record high in 2025, Bitcoin (BTC) faces a sustained wave of skepticism, reflected in a growing number of ‘death’ declarations. In the first half of 2025 alone, Bitcoin has faced 11 obituary declarations, surpassing the 10 recorded throughout all of 2024, according to data retrieved by Finbold from Bitcoin Obituaries on May 14. A Bitcoin obituary is a public claim, often by critics or institutions, that Bitcoin is worthless or doomed, usually made during periods of high volatility or price surges. Historically, Bitcoin has been pronounced ‘dead’ during nearly every market cycle. This pessimism peaked in 2017, when BTC hit almost $20,000 and faced a record 93 obituaries, accounting for 21.6% of all recorded declarations. In contrast, 2010 saw just one, when the asset was still largely unknown. In total, Bitcoin has been declared dead 430 times since its inception. Bitcoin top skeptics for 2025 Some of the most notable 2025 obituaries came as Bitcoin hit $104,735 on January 30. Nobel laureate Eugene Fama warned that cryptocurrencies lack stable value and predicted Bitcoin’s collapse. A few days earlier, on January 26, longtime critic Peter Schiff slammed Bitcoin’s energy-intensive proof-of-work system, arguing it lacks real backing. On February 28, Solana (SOL) co-founder Anatoly Yakovenko claimed Bitcoin has ‘no value’ and could be replaced by a global superpower, citing environmental concerns. Then on April 4, with Bitcoin trading at $83,843, Canadian billionaire Frank Giustra said the ‘digital gold’ narrative was fading. By April 10, as Bitcoin hovered at $80,714, Schiff doubled down, predicting a 2025 financial crisis would ‘kill’ the cryptocurrency. To date, Schiff remains Bitcoin’s most frequent critic, responsible for 18 obituaries. Berkshire Hathaway (NYSE: BRK.A, BRK.B) founder Warren Buffett ranks second with eight, followed by economist Steve Hanke. Bitcoin price analysis Despite the declarations, Bitcoin continues its push for a fresh all-time high above $100,000. As of press time, the asset was trading at $103,620, up nearly 1% in the last 24 hours and almost 7% over the past week. Looking ahead, Bitcoin faces key resistance at $105,000. A breakout could fuel further gains, while a drop below the $100,000 support level may open the door to renewed losses. Featured image via Shutterstock Source: https://finbold.com/bitcoin-has-been-declared-dead-more-times-in-2025-than-all-of-2024/
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