Bitcoin (BTC) has been pronounced "dead" 474 times since 2010, according to 99Bitcoins, particularly during bear market trends. Despite this, Bitcoin's price has shown resilience, continually reaching new highs. Tomasz Wojewoda from BNB Chain notes that a theoretical "extreme event" leading to Bitcoin's collapse would be a universal disregard and non-use of cryptocurrencies, which he deems highly unlikely. Cryptocurrencies' inherent features, like secured decentralized ownership, ensure their persistent demand and usage.
The persistence of Bitcoin and the broader crypto market is also evident in the face of regulatory challenges. Despite aggressive actions by agencies like the SEC, the crypto industry has proven resilient. Recent legal victories against the SEC, as seen in cases involving Grayscale and Ripple, have only bolstered investor confidence in the steadfastness of cryptocurrencies. Wojewoda asserts that global regulations might impact the market's growth, but they won't render digital assets extinct. He emphasizes that regulation is ultimately beneficial for the industry's long-term health.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
