Bitcoin Declared 'Dead' Again Amid Market Correction
The phrase 'Bitcoin is dead' has resurfaced following a recent price drop, echoing a familiar pattern observed after major market corrections. According to Coinomedia, this claim has been made over 470 times in the past decade, yet Bitcoin has consistently rebounded from downturns, including the 2013 crash, the 2018 bear market, the 2020 pandemic sell-off, and the 2022 collapse.
Despite the current dip, the article emphasizes that corrections are typical in volatile markets. Bitcoin's fundamentals, such as network strength, institutional interest, and adoption, remain strong, suggesting resilience and potential for recovery.