They Said Bitcoin is Dead, But Now Governments Keep Accumulating

[SPIDERMAN008]

Since Bitcoin was created in 2009, there have been many negative comments and news about Bitcoin. Every time the news BITCOIN IS DEAD has been seen in the bear market at different times in the past. But is that really the case? Today, Bitcoin has established itself as the most valuable digital currency in the world. Since Bitcoin came to the market, about 477 times Bitcoin is dead, Bitcoin will never come back, Bitcoin fraud has been published. Let's give some important and most discussed news examples.
In 2011, Forbes wrote “So, That’s the End of Bitcoin Then”.
In 2017, Business Insider gave the headline “Bitcoin is a Fraud”
In 2022, During the big crash, Bloomberg wrote “Crypto’s Winter Could Be the End of Bitcoin”
But at the end of the day, the reality is completely different. Today, Bitcoin has become the most popular and valuable currency in the world. Its popularity has increased day by day. Due to its popularity, the demand is increasing, but due to the limited supply of Bitcoin, the price has increased a lot. And it is expected that its price will be much higher in the future.
Currently, many countries in the world have started holding Bitcoin as their reserve. UNITED STATES, SALVADOR, KAZAKHSTAN, KYRGYZSTAN, PAKISTAN, BHUTAN, UAE have established Bitcoin as their national reserve.

https://x.com/pete_rizzo_/status/1970406056661766414

In addition, many large institutions in the world are regularly holding Bitcoin.

https://x.com/BitcoinForCorps/status/1971533209134362812
From this position, there is nothing to make Bitcoin fall behind. Bitcoin will become much more valuable in the future. Maybe even if there is a bear market. Maybe the price of Bitcoin may never fall again. I believe its popularity and demand will take Bitcoin to unprecedented heights.

[Orpichukwu]

From this position, there is nothing to make Bitcoin fall behind. Bitcoin will become much more valuable in the future. Maybe even if there is a bear market. Maybe the price of Bitcoin may never fall again. I believe its popularity and demand will take Bitcoin to unprecedented heights.

And that bad news back then each time Bitcoin experienced a drop was part of the things which pushed Bitcoin to where it is today. Those who criticised Bitcoin were doing it to shame it without even realising that they were indirectly running free marketing for it and making it more popular than it had been, and I also strongly believe that back then if Bitcoin had had no critics, it could not have gained the power it has now. All of those made us who we are today.

[Tmoonz]

From this position, there is nothing to make Bitcoin fall behind. Bitcoin will become much more valuable in the future. Maybe even if there is a bear market. Maybe the price of Bitcoin may never fall again. I believe its popularity and demand will take Bitcoin to unprecedented heights.

And that bad news back then each time Bitcoin experienced a drop was part of the things which pushed Bitcoin to where it is today. Those who criticised Bitcoin were doing it to shame it without even realising that they were indirectly running free marketing for it and making it more popular than it had been, and I also strongly believe that back then if Bitcoin had had no critics, it could not have gained the power it has now. All of those made us who we are today.

Good thing they said does comes so easy, Bitcoin is good and for it to have gained this growth today means it has to go through certain stages, for those being skeptical about it's existence they will always be there so we shouldn't be surprised that we still may have such people even with what Bitcoin has gained, so many regretted and wish they realized earlier than when they did and same will happen to as many that will continue in that part because Bitcoin will continue to surprise them all over time and will keep proving to be that hope for mind when it comes to digital currency that is not just a trend but that which has come to stay.

[PremiumcryptoHub]

Bitcoin skeptics will always oppose it because we have seen many people criticizing Bitcoin before, but now governments are ignoring them and collecting Bitcoin, And they have a sufficiently idealistic goal of achieving economic stability due to which they are not hesitating in taking timely decisions in adopting SBR. Notable among them are the Philippines, Kazakhstan, Pakistan, Indonesia and the two countries that initially adopted Bitcoin are El Salvador and the African Republic.
In these countries Bitcoin skeptics may not have any influence because these days we often see stockbroker Peter Schiff talking nonsense on social media about digital Gold i.e. store of value. Even today many people are questioning the existence of BTC but they should be ashamed of the way Bitcoin is currently showing such a huge rise.

[Bright0515]

There are almost 190 countries in the world but only a few countries have adopted Bitcoin but I strongly believe that in the future more countries will adopt the use of Bitcoin. More countries are yet to have a reserve funds for Bitcoin but they will. Everything is just step by step. When they begin to see how much good Bitcoin has done to the society at large they will adopt is. Other countries that have adopted Bitcoin are seeing the advantage of it because it has helped them in terms of finical inclusion.

[Mate2237]

One thing that most governments across the world which are forsighted enough to see is that,this present financial system that the world is currently having is collapsing and it is happening very fast. With economic instability and inflation on the rise most  governments has started realizing that the there should be an alternative source of both saving and investing money for the sake of a sustainable development which crypto currency has provided a platform to that.


Crypto currency is here to stay and is the future of financials  the better countries and individuals which has not yet fully appreciated crypto currency do the better for them.

[Zigabel]

From this position, there is nothing to make Bitcoin fall behind. Bitcoin will become much more valuable in the future. Maybe even if there is a bear market. Maybe the price of Bitcoin may never fall again. I believe its popularity and demand will take Bitcoin to unprecedented heights.

One Information that drove this narratives about Bitcoin so much that most persons and organization were so muchly anticipating its fall was the fact that it came decentralized and the world was used to a centralized system of operations whereby an established form of control helps regulates things especially in the financial space and so it became something they at some point started finding really difficult to comprehend how a self regulated system will survive the society to the point where people will key into the adoption of an asset that literally has its control from no particular source but with time the technology was understood and the fact that it was able to really stand the test of time and through which it has become even more valuable than it was initially has now made even those who did not want to adopt it in the first place to see an opportunity and a chance at it now enough to give it mass adoption seeing the advantage in its decentralization.

Moving forward, Bitcoin is very likely to do even more than we have see already, this isn't me expressing too much of certainty because neither of us have an absolute idea into the future but due to speculative information and economic activities around Bitcoin, it becomes somehow very obvious that it will mostly do much better in the future assuming the future plays out accordingly in our expectations.

[Doan9269]

This is one of the reasons why we must know what we are doing and stop allowing other people including government to brainwashed us, it has happened in so many ways, that you discover those that attack what you do were later found doing the same, after realizing that has been mistaken it for something else, we oftentimes go against what we don't know, this is a common human act or behavior to agitate on what seems not to go well with us, even if its beneficial to others, we don't mind working it out to all turned a ruined offer.