The first website that claimed Bitcoin was dead ten years ago does not function anymore. Over the years, the primary cryptocurrency has attracted lots of pessimism, criticism, and doubt on itself but is now officially outliving some of the non-believers.
For over a decade of existence, Bitcoin has seen a fair share of negativism going its way. The naysayers grew fast, primarily in the early stages.
Interestingly, this rising number led to the emergence of a webpage dedicated to tracking how many times the asset has been declared as dead. At the time of this writing, Bitcoin has died 380 times.
One of the first such examples recorded was back in December 2010, when the primary cryptocurrency was just an infant. An article from “The Underground Economist” thoroughly explained why “Bitcoin can’t be a currency.”
Fast-forwarding ten years – that website is no longer active, as CoinCorner CEO Danny Scott recently pointed out.
On the other hand, the first-ever cryptocurrency has persevered through those ten years. Bitcoin does operate as currency.
As Cryptopotato reported last year, numerous industries have been accepting Bitcoin as a legitimate means of payment.
Outside of serving as a currency, Bitcoin also displayed rather impressive results as an investment tool. More specifically, in the past decade, BTC outperformed every other asset by marking a substantial ROI of 8,900,000%.
Another famous criticism against the primary cryptocurrency, and registered in the BTC obituary page, came in September 2017. Right before the parabolic price increase when it reached its all-time high of $20,000, JP Morgan CEO Jamie Dimon stated that Bitcoin is a “fraud.”
He went even further at the time, saying, “it’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.” Merely a few months later, however, Dimon regretted making that comment and even emphasized that blockchain, the technology behind Bitcoin, is real.
Since then, the massive American multinational investment bank has been considerably opened to blockchain and Bitcoin. A report compiled by the bank from earlier this year, acknowledged the recent progress from BTC, especially in terms of adoption from institutional investors.
Additionally, JP Morgan announced last year that it has begun developing its own cryptocurrency to be employed for settling transactions between clients of its wholesale payments business instantly.