Soon the death of Bitcoin (BTC)?

Soon the death of Bitcoin (BTC)?

Undoubtedly, the Bitcoin (BTC) it is the cryptocurrency that has had the most influence since its launch. With a price that has literally become obsolete since it started weak, then various periods of falls and rises, it sustains the eternal interest of investors. From now on, the questions are different. More and more people are interested in dead of Bitcoin, ie the number of times declared “dead”. Between expert forecasts and simple rumors, we will help you see things more clearly. Here’s all you need to know about the price of Bitcoin and its future.

  • Bitcoin obituaries, what?
  • European Union plotting against Bitcoin?
  • Further increase in the expected price

Bitcoin obituaries, what?

The term mortality does not seem to apply to crypto, and is still used regularly. Especially in its English formulation, called “Bitcoin Obituaries”. The site of the same name lists all the official crypto deaths. In other words, this is a huge loss in the value of crypto, making it close to losing interest. Different conditions must be met to register a new stillbirth. Among these conditions, we note for example that the death or loss of the value of Bitcoin must be the subject of an express notice in an article. Or appear on a site or Twitter account with a large audience.

2020 is an interesting year for Bitcoin commodities. More precise about their number. Compared to the year 2021, yes 52% reduction. He had his latest life name on June 7, 2022. Renowned engineer Stephen Diehl spoke about the plight of crypto assets. According to him, the crypto industry is not sufficiently adapted to large – scale exchanges, and is going to lose. Is this the reality? Bitcoin no longer has a future? What about so-called crypto skeptics? Unexpectedly, individuals interested in these topics are not individuals. Governments, and even the European Union, do not hesitate to give their views.

European Union plotting against Bitcoin (BTC)?

The EU’s interest in the crypto – asset sector may come as a surprise to many. And yet, it seems logical. Although a decentralized financial system (DeFi), the crypto world is still a financial system in its own right. Given the importance of the flows it generates, and the ever-increasing number of crypto users, the European Union seemed to be interested. Yes, but what attitude?

Contrary to all expectations, the European authorities have been accused of some plot against Bitcoin. Confidential documents are said to have been leaked and confirm the rumor. We can read there exchanges taking place behind closed doors between various state officials, dating from November 2021. It is possible bitcoin ban It was openly mentioned, as well as all cryptos trading in general. This is a reminder of China’s hostility towards crypto mining. As a reminder, going back to the end of 2021 alone, Ethereum mining was still a victim of this decision by China. The Chinese government has quickly pointed out that both Bitcoin and Ethereum are illegal in China. As a result, many bans are imposed on them. We can cite, for example, any digital activity related to crypto, issuance of digital assets, or even foreign exchanges strictly prohibited for Chinese citizens. A list that is likely to grow in the near future.

Further increase in the expected price

Bitcoin deaths are one thing. His actual death is another. Certainly, as in previous years, the king of cryptocurrencies was repeatedly declared dead in 2022. However, it is crucial to note that the long – term forecasts for its course remain particularly optimistic.

On Monday, June 13, however, the strong week for Bitcoin began, with an almost loss 15% in a few hours. He knew how to achieve the most pessimistic prognosis by achieving a significant price $ 20,500. Despite this record, it does not appear to have reached its limits. In fact, experts agree that the price of Bitcoin (BTC) could rise again. Sequential indicator Tom DeMark confirms this information, predicting that the threshold of 33,000 dollars will be reached within a few weeks, and 38,000 dollars by the end of the year. So no, it’s true that Bitcoin is not dying. Quite the opposite.

The period is bloody, and there are many unfortunate losses. But while he lost a battle, Bitcoin (BTC) did not lose the war. And before such a beast is killed, much more blood will need to be shed.

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Founded by Marc-Antoine CAEN POLETTI in 2021, Alt Write SEO is a content writing agency that focuses on cryptocurrency, blockchain and NFTs. It gets its roots in 2016 with the French Cryptocurrency Club, of which Marc-Antoine is the current president. Our mission is to support French-speaking crypto companies to make France the world’s first crypto nation.

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