BTC Died 466 Times: 2 More Death Calls Added To Bitcoin Obituary List After FTX Collapse – Bitcoin News

Just before the FTX crash, bitcoin was trading above the $20K zone and after the issues started to show and the company filed for bankruptcy, the price of bitcoin fell nearly 19% in less than days before the fiasco. According to the official Bitcoin obituaries list, falling cryptocurrency prices over the years have added two more bitcoin obituaries to the list of so-called bitcoin deaths.

2 more death alert calls added to Bitcoin obituary list after FTX disappearance

It is safe to say that the FTX crash caused cryptocurrency prices to drop significantly, and following the disappearance, the Bitcoin obituaries list hosted on 99bitcoins.com has added two deaths to the long list of written obituaries published since December 15, 2010 .

According to the list, bitcoin has died 466 times since 99bitcoins.com started the death list. So far in 2022, about 22 bitcoin obituaries have been added this year, which is more than 2010, 2011, 2012, 2013 and 2020 in terms of deaths per year.

BTC Died 466 Times: 2 More Death Calls Added to Bitcoin Obituary List After FTX Collapse
The Bitcoin obituary list hosted on 99bitcoins.com shows that Bitcoin has died 466 times since the first obituary was written in 2010.

The last two were recorded after the FTX crash, and the first came from the Ramp Capital Twitter account. At the time of the obituary being posted, the value of BTC was approximately $15,880.78 per unit according to 99bitcoins.com.

“Crypto is Dead Today,” Ramp Capital tweeted. “I don’t see how he recovers from this. Generational wealth has evaporated. Trust has evaporated. In another statement and the second bitcoin obituary after Ramp Capital’s tweet, author Chetan Bhagat shared his article titled “Crypto Is Now Dead”.

On Twitter, Bhagat She said: “Crypto is now dead: FTX, a cryptocurrency exchange, collapsed last week, proving many smart guys terribly wrong,” citing an excerpt from its op-ed.

A look at 2022 bitcoin obituaries over the past three months, according to 99bitcoins.com.

Bhagat and Ramp Capital join the likes of renowned essayist Nassim Nicholas Taleb, economist Peter Schiff and many others who have also penned death sentences in bitcoin. While 2022 has so far recorded around 22 deaths and the year is almost over, 2017 saw the most bitcoin obituaries added to the list.

A total of 124 bitcoin obituaries were added in 2017, and the second biggest year was 2021. Both of these years were extremely bullish periods for the BTC price as both made record price highs. Ironically, bitcoin’s very first obituary notes that “the only thing that has kept bitcoin alive this long is its novelty,” yet the so-called novelty hasn’t faded in 14 years.

The Bitcoin obituary list hosted at 99bitcoins.com is always a fun read, but none of the so-called death calls ever came to fruition. The recent obituaries from Bhagat and Ramp Capital simply join the hundreds of others who believe that “this time will be different” and bitcoin will be brought to its knees.

The leading crypto asset bitcoin (BTC), however, is alive and well with its exchange rate beating like a heart. In terms of functional uptime, the Bitcoin network has been up and running without missing a beat 99.98785008872% of the time since its inception on January 3, 2009.

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2022, 2022 Bitcoin Deaths, 466 Times, 99bitcoins, Bear Market, Bitcoin, Bitcoin (BTC), Bitcoin bears, Bitcoin bulls, Bitcoin Dead, Bitcoin Eulogy, Bitcoin Obituaries, Bitcoin Price, BTC death, FTX collapse, FTX Demise, Market Carnage , Markets, Nassim Nicholas Taleb, Peter Schiff, Prices

What do you think of the latest bitcoin obituaries added to the list after the FTX crash? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image credits: Shutterstock, Pixabay, Wiki Commons, images via 99bitcoins.com

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