Bitcoin’s Obituary is Being Written

Bitcoin’s recent tumble below $4,000 has the world questioning the future of crypto. Many have been salivating for the chance to say, “I told you Bitcoin was a scam!”, since it reached its top of nearly $20k. Those who once envied crypto vets, for their vast returns, are now learning that these vets weren’t just lucky but instead had the fortitude needed to survive an ~80% drop.

As painful or comical as Bitcoin’s fall has been, the question now is: Are the days numbered for Bitcoin? No — Bitcoin is very much alive.

Economist See No Future in Bitcoin

It’s not new that critics proclaim Bitcoin’s impending death, but with Bitcoin’s precipitous fall this year, these voices are certainly more prevalent. Nouriel Roubini, a notable global economist and professor at New York University, believes Bitcoin is going to 0. In October, during a U.S. Senate committee hearing, he made the declaration that: “Crypto is the mother or father of all scams and bubbles.”