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@ Sooly⚡️سولي
2025-01-19 22:05:55
A TALE OF RESILIENCE
Nine years ago today, The Washington Post declared "R.I.P. Bitcoin" when the cryptocurrency traded at $380. Fast forward to January 19, 2025, and Bitcoin trades at $104,803, representing a staggering 27,500% increase since that infamous obituary.
## The Numbers Tell the Story
🔘 Bitcoin has been declared dead 477 times since its inception
🔘 2023 saw only 8 death notices, a decade-low
🔘 2024 recorded just 2 death declarations, compared to 124 in 2017
## From Mockery to Mainstream
The transformation has been remarkable. When the Washington Post published its obituary, Bitcoin was dismissed as a fringe technology. Today, it's embraced by financial giants like BlackRock and Fidelity. [The price history tells an compelling story]( https://coinmarketcap.com/currencies/bitcoin/historical-data/).
## The Future Outlook
Despite past skepticism, institutional analysts now project ambitious targets. Galaxy Digital predicts Bitcoin could exceed $150,000 in the first half of 2025. This represents a dramatic shift from the days when Nobel laureates and banking executives routinely dismissed Bitcoin as worthless.
## A Lesson in Resilience
The premature death notice serves as a powerful reminder about the dangers of dismissing innovative technologies. While Bitcoin faced numerous challenges since 2016, including regulatory crackdowns and market crashes, its fundamental value proposition has remained intact. The declining frequency of "Bitcoin obituaries" suggests that even its harshest critics are beginning to acknowledge its staying power.
There is no second best, and it’s going to millions.
Ref: [the Washington post from Jan 19 2016]( https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/)