Bitcoin has long been criticized for its lack of value, with many experts calling it a speculative bubble or even a fraudulent 'Ponzi scheme'. However, the cryptocurrency has consistently defied these predictions by rebounding from market downturns and increasing in value over time.
A recent analysis highlights this trend. The study found that Bitcoin has been declared 'dead' more than 470 times since its creation in 2009, often during periods of price crashes or negative headlines.
Despite these declarations, the long-term performance of BTC tells a different story. If an investor had purchased $100 worth of Bitcoin every time it was publicly claimed to be finished, their investment would now be worth over $74.8 million based on current market estimates.