Bitcoin In November 2021, it reached an all-time high of $ 69,000 after that, Cryptocurrency He was unable to break through and lost two-thirds of the value; In fact, in the last week it has reached $ 23,000 and generated an increase in comments and suggestions worldwide.

For example, an American investor and entrepreneur, Warren Buffett, He recently said, “If you owned a bitcoin all over the world and offered it to me for $ 25, I would not buy it.”

This statement and others are added more and more 452 Obituary, According to the Bitcoin Obituaries archive, which stores moments when The value of bitcoin has declined as it is said to be dead or useless.

Among them the most significant historical decline that has been announced Bitcoin “Death”.These are the years 2017 and 2018 in the light of the various events that this market has undergone, which creates great opportunities for cryptocurrency criticism. Its price variability and its decentralized structure drive it Bitcoin is a simple target.

However, this situation is not new to the crypto industry and society. Instability, In simple terms of price, beyond value, He is already in Bitcoin DNA. We can conclude that in the short run there is no middle ground, but in the long run it is the strongest growth asset and the most important trend of the last decade.

These were the main opponents of Bitcoin and its values

The first opponent was Portal Underground Economist, Who published an article titled Why Bitcoin Can Not Be Currency? On December 15, 2010, its price was $ 0.23.

Eight years later, Morgan Stanley, an analyst, James Fawett, And his team sent the client a research record that reads: The real value of Bitcoin can be $ 0.

At that time it reached one of the highest prices in history at $ 13.71. Christine Lagarde, Director of the International Monetary Fund (IMF), Predicted the death of most cryptocurrencies; They claim that they can not escape the “process of creative destruction”. On April 18, 2018, its price was $ 8044.

In January 2020, the American Economic Commentator, Peter Schiff, “Bitcoin is now essentially useless and has no market value,” he said. Schiff predicted that Bitcoin would fall below $ 1,000 and said that unlike other asset classes, Bitcoin will not grow at the end of the fiscal year. Bitcoin traded over $ 8,500.

Then in October 2021, Jamie Dimon, The CEO of JPMorgan Chase said that “Bitcoin is useless” and a month later it reached an all-time high of $ 69,000.

a little while ago, Paul Krugman, Nobel laureate in economics, who in 1998 declared that impact Internet It would not be more than the impact of fax, many years later he mentioned the fact that Bitcoin and its other relatives could not achieve any significant economic role and What happens to its value is irrelevant For those who are not in the world Cryptographic.

Bitcoin acceptance continues to grow

Ignoring the high volatility and risk-return ratio of having a Bitcoin-like tool is a bit irresponsible, but it is important to recognize and understand. Played the role Technology In its constant and rapid changes.

The acceleration and positioning of technology companies around the world has created acceptance moments To deal with short-term euphoria with high price courage; In addition to the value they bring to humanity.

Accordingly, Alejandro Beltran, g.The Buddha country manager noted that “the drop in prices is due to external factors, but they have not affected the fundamentals of Bitcoin, which is its technology and use, which is becoming clearer every day in e-commerce, the payment market. And international returns and the long-term potential for value protection in the face of geopolitical developments in the private interest. ”

Acceptance and acceptance of Bitcoin and some cryptocurrencies is growing rapidly thanks to all the efforts of the ecosystem to use it. Use Technology Blockchain Can manage a fairly large market.

Evidence, respectively Crypto.comShows that The number of Bitcoin users has increased By 178% in 2021, from 106 million in January to 295 million on 12 October in the same year. The number of crypto users is expected to reach 1 billion by the end of 2022.

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