Bitcoin Obituary Count Hits Decade Low: Just Seven Reports Filed In 2023
Portfolio Pulse from Mehab Qureshi
The number of 'Bitcoin is dead' reports in mainstream media has reached a decade low in 2023, with only seven instances. This contrasts with the high number of such reports in 2017 and 2021, years of significant price surges for Bitcoin. The data comes from 99bitcoins' BTC obituaries tracker and was highlighted by Jameson Lopp. The most recent claim was made by Chamath Palihapitiya, who stated 'Crypto is dead in America.' Ethereum has also been subject to similar 'death' predictions.
December 21, 2023 | 7:25 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The low number of 'Bitcoin is dead' reports in 2023 suggests a reduction in negative sentiment towards Bitcoin in mainstream media, which could be perceived positively by investors.
A decrease in negative media reports about Bitcoin could lead to improved investor sentiment and potentially increase demand for Bitcoin, positively impacting its price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Although Ethereum is not the focus of the article, it is mentioned as having faced similar 'death' predictions as Bitcoin, which could imply a similar reduction in negative sentiment.
The mention of Ethereum alongside Bitcoin in the context of reduced negative reports could suggest a parallel improvement in sentiment for Ethereum, potentially benefiting its price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50