Bitcoin is Dead. Again.

The Media Has Spoken.

Google “Is Bitcoin dead?”

I got 156,000,000 results in .51 seconds.

Seems people think it is dead.

Bitcoin’s price declined to under $18,000 last weekend, down from its all-time high of over $69,000. That’s a 74% decline. That’s severe. Not dead, but pretty severe. Ethereum and every other cryptocurrency followed suit.

I’ve written quite a few times about Bitcoin’s inexplicable correlation to stocks, and about its correlation to other crypto, the “altcoins.” Neither make sense, but here we are.

Are stocks, as a whole, dead? Of course not. Are altcoins dead? Maybe, we’ll see. I liken this to the bursting of the dot com bubble. The successful projects endured, the others crashed in spectacular fashion. I believe this will happen in the digital assets space. The better, more proven platforms will prevail. I think Bitcoin will survive and thrive. Let’s take a look at Bitcoin’s history, and why I believe in its future.

Many Successful Companies have Endured Multiple Declines

Bitcoin has had eight corrections, or declines, of over 50%. That’s some volatility. But some think that stocks haven’t endured such corrections. In reality, they have, and some of the biggest, most successful companies have…