Bitcoin isn’t dead: BTC obituaries fall to lowest level in a decade

Dec 20. 2023

By Martin Young

Mainstream media has declared Bitcoin “dead” only seven times in 2023, its lowest frequency in ten years, according to a Bitcoin obituaries tracker.

The data comes from 99bitcoins’ BTC obituaries tracker, shared by industry expert Jameson Lopp on Dec. 20 on Crypto X (Twitter). It found that Bitcoin has been declared “dead” 474 times since 2010.

However, the data shows there were only seven ‘deaths’ recorded in 2023 so far, with the most recent in when Bitcoin bull and billionaire tech investor Chamath Palihapitiya declared “Crypto is dead in America” during an April 22 episode of the All-In podcast.

However, Palihapitiya appears to be talking in the context of regulatory over-reach.

Chamath Palihapitiya declares "crypto is dead in America." Source: All-in.

The firm said it adds Bitcoin obituaries if the media content explicitly claims BTC is or will be worthless, and only if the content was produced by a “person with a notable following or a site with substantial traffic.”

Moreover, the firm found more than half of this year’s obituaries came in January — near the depths of crypto winter — and just two months after the catastrophic collapse of FTX when BTC was struggling to break above $17,000.

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