Despite the growing number of Bitcoin critics in 2021, the amount of obituaries is still significantly less this year than was recorded in 2017, the year when BTC first reached close to $20,000. That year, Bitcoin \u201cdied\u201d 124 times.<\/p>\n
Incepted in 2010, 99Bitcoins\u2019s Bitcoin Obituaries <\/em>list includes English-language statements including content about the fact that Bitcoin \u201cis or will be worthless.\u201d To qualify an obituary, the content should be produced by a person with a \u201cnotable following or a site with substantial traffic.\u201d<\/p>\n T has counted 438 obituaries so far, with one of the latest obituaries produced by Robert McCauley, an associate member of the Faculty of History at the University of Oxford. In a Dec. 22 guest post for The Financial Times, McCauley argued that Bitcoin is \u201cworse than a Madoff-style Ponzi scheme,\u201d arguing that BTC holders \u201cwill have no one to pursue to recover\u201d sums that they \u201cpaid the miners for their Bitcoin.\u201d<\/p>\n Eswar Prasad, senior professor of international trade policy at Cornell University, previously predicted that \u201cBitcoin itself may not last that much longer\u201d due to the growing \u201c\u200b\u200bpromise of decentralized finance.\u201d<\/p>\n While Bitcoin naysayers keep betting on a gloomy future of BTC, some analysts like Bloomberg commodity strategist Mike McGlone believe that Bitcoin could hit $100,000 next year.<\/p>\n
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