Bitcoin Declared Dead 11 Times in 2025 Despite 7% Weekly Gain

Despite reaching unprecedented highs in 2025, Bitcoin has faced a significant number of declarations of its demise, with 11 such claims already made in the first half of the year. This figure surpasses the total number of declarations made throughout all of 2024, highlighting the persistent skepticism surrounding the cryptocurrency. Since its inception, Bitcoin has been declared 'dead' a total of 430 times, with the number of obituaries peaking in 2017 when the cryptocurrency hit nearly $20,000 and faced a record 93 declarations.

The trend of Bitcoin obituaries is not new; historically, the cryptocurrency has been pronounced 'dead' during nearly every market cycle. This pessimism is often fueled by periods of high volatility or price surges, leading critics and institutions to question its value and longevity. The first Bitcoin obituary was recorded in 2010, when the asset was still largely unknown, and the number of declarations has varied significantly over the years.

In 2025, several high-profile figures have contributed to the growing number of Bitcoin obituaries. Nobel laureate Eugene Fama warned that cryptocurrencies lack stable value and predicted Bitcoin’s collapse. Longtime critic Peter Schiff slammed Bitcoin’s energy-intensive proof-of-work system, arguing it lacks real backing. Solana co-founder Anatoly Yakovenko claimed Bitcoin has ‘no value’ and could be replaced by a global superpower, citing environmental concerns. Canadian billionaire Frank Giustra also expressed skepticism, stating that the ‘digital gold’ narrative was fading. Schiff, in particular, has been a frequent critic, responsible for 18 obituaries, followed by Berkshire Hathaway founder Warren Buffett with eight, and economist Steve Hanke.

Despite the persistent skepticism, Bitcoin continues to push for new all-time highs. As of the latest data, the cryptocurrency was trading at $103,620, up nearly 1% in the last 24 hours and almost 7% over the past week. The asset faces key resistance at $105,000, and a breakout could fuel further gains. However, a drop below the $100,000 support level may open the door to renewed losses.

The sustained wave of skepticism and the growing number of obituaries reflect the ongoing debate surrounding Bitcoin's value and future. While critics continue to dismiss the cryptocurrency, its resilience and continued push for new highs demonstrate its enduring appeal and potential. The persistent declarations of Bitcoin's demise serve as a reminder of the cryptocurrency's volatile nature and the challenges it faces in gaining widespread acceptance.