The cryptocurrency Bitcoin is lively, within the past month the BTC rate increased by 19.8 percent. Nonetheless, an infographic from Coincierge.de shows that analysts around the world have already forecast 379 upcoming deaths of Bitcoin in newspapers and magazines. Bitcoin is dead – long live Bitcoin?
In 2019 alone, 41 market observers said that Bitcoin was on the verge of being buried soon. This was the title of “TradingView” that the era of bitcoin was over. The “New York Post”, on the other hand, spoke of Bitcoin being worth only zero dollars very soon.
Majority of private investors and experts with an optimistic Bitcoin forecast – doom prophets small but noisy group?
Meanwhile, the infographic shows that around 85 percent of investors share the Bitcoin prediction that the cryptocurrency with the highest market capitalization would be trading above the $ 11,500 mark by the end of 2020. The majority of financial experts also appear to be positive and disagree with the analysts who are claiming the death of Bitcoin. According to a survey (January 2020), more than 15 percent of experts believe that BTC will be worth more than $ 25,000 in 2024. However, there are also those who anticipate the death of Bitcoin: the proportion is 8 percent.
Average currency lifespan – Bitcoin with a long future?
A survey of 3,400 currencies showed that they existed on average for 27 years. Germans should not be surprised at the finiteness of means of payment: think of the marks, the Reichsmarks, the Deutsche Mark, the marks of the GDR and the euro. If Bitcoin should exist as long as currencies on average, then BTC will remain for 15 years.
Last update: Thursday February 13, 2020
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