HomeBITCOINBitcoin's Price Has Increased by 15,000,000% Since Its First Blogger Obituary

Bitcoin’s Price Has Increased by 15,000,000% Since Its First Blogger Obituary

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13 years ago, blogger Sean Lynch predicted Bitcoin’s demise on a website that no longer exists, marking the world’s first “Bitcoin obituary,” according to 99 Bitcoins. The post, titled “Why Bitcoin can’t be a currency,” argued that Bitcoin would become worthless due to its inability to handle fluctuations in demand. Lynch specifically pointed out that Bitcoin lacked government backing and intervention that traditional currencies receive. Despite Lynch’s prediction, Bitcoin has since defied critics and surged an astonishing 15 million percent in value, becoming a global financial phenomenon. Today, more and more people are realizing the destructive nature of government intervention in economies, as central banks struggle to contain inflation worldwide.

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