Is Bitcoin Really Dead?

• Bitcoin dropped below $34,000 on Wednesday, its lowest price since February

• Does this recent crash signal the end of the cryptocurrency or can it bounce back?

Following Bitcoin’s drop to below $34,000, many proclaimed that it was the end of the flagship coin.

Since the inception of BTC, 12 years ago, the death of the cryptocurrency has been announced more than 400 times.

Data from Bitcoin Obituaries reveals that the cryptocurrency has been proclaimed dead yet again.

BTC has been compared to a ponmo scheme and Monopoly game money.

While a lot of negative stories surround cryptocurrency anytime there is a crash, coins with strong projects have always found a way to bounce back.

The unsolved mystery of Bitcoin’s creator and its decentralized nature has made it great of illegal transactions and therefore a target for the government.

BTC is also known to have a very unstable price due to its volatility.

These past few weeks they have been a lot of sensational headlines signalling the death of this Cryptocurrency.

Despite this recent crash, market experts believe that the flagship crypto will bounce back again.

Read also: BTC bounces back to $40,000

How long is it going to take for this coin to become bullish again? We all have to wait to find out.

However, if there is one thing we have found out from over 12 years of its existence, Bitcoin always bounces back.

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