Bitcoin is Going Mainstream, Why The Doubters Will Be Kicking Themselves
According to the website 99bitcoins.com, to date, Bitcoin has died a total of 341 times. The most recent report of Bitcoin’s demise came from The Felder Report, less than two weeks ago, in which former Bear Stearns analyst Jesse Felder wrote: “Ponzi schemes can work out great for early adopters. But that doesn’t make bitcoin, […]
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The New York Times joined the rest of mainstream media in kicking bitcoin when it’s down. Even though the world’s economy is clearly in the red across the board, bitcoin deniers are having the time of their lives declaring bitcoin dead. That puts Nayib Bukele and El Salvador’s bitcoin bet in mainstream media’s sights. The […]
This year was a turning point for Bitcoin as many doubters watched the world embrace the technology.
Bitcoin still has its fair share of doubters. So did Amazon at one time.
Bitcoin’s rally and its doubters remain on a collision course as the market pauses after a run of record highs. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock According to CoinGecko, Bitcoin hit $124,050 on July 14 and was trading around $109,124 at the time of publication. The pullback has not stopped some voices from projecting far higher prices, but it has kept sceptics loud. Skepticism Will Likely Persist According to Luke Broyles, a commentator known as The Bitcoin Adviser, doubt about bitcoin’s upside will probably stick around even if....
Over the years, there have been various sentiments regarding the “death of bitcoin,” but the digital asset continues to prove doubters wrong. This time around, bitcoin has seen a significant rebound in its hash rate that suggests more miners are coming back online. This increase in hash rate carries implications for the miners but shows […]