Investors who purchased $100 worth of Bitcoin each time it was declared 'dead' would now have a portfolio valued at $98 million, according to Coinomedia. This strategy involved buying Bitcoin during 474 instances when it was pronounced 'dead' by various sources. The data underscores Bitcoin's resilience, as it has consistently rebounded from market downturns, regulatory challenges, and security breaches. This approach highlights the potential benefits of contrarian investing in the cryptocurrency market, where pessimistic narratives often precede significant recoveries.
Investing $100 in Bitcoin at Each 'Death' Could Net $98 Million
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