Bitcoin RIP: Cryptocurrency ‘Dies’ 200th Time, Just As Price Hits $11k

Bitcoin is paradoxically becoming more valuable the more it dies, with over 200 ‘obituaries’ now public.

The bizarre status quo comes from information portal 99Bitcoins, which also tracks press articles declaring Bitcoin will shortly disappear.

On Dec. 1, as Bitcoin prices hovered at just over $10,000, the site’s ‘Bitcoin obituary stats’ formally recorded the 200th Bitcoin death.

The omen came courtesy of Business Insider, which produced an article claiming a “fatal flaw” meant no cryptocurrency could ever become “real” currency.

“A currency has to be a widely used medium of exchange. Cryptocurrencies are never going to achieve that. Period,” UBS Bank’s Wealth Management Global Chief Economist Paul Donovan told the publication…

Read Full: Bitcoin RIP: Cryptocurrency ‘Dies’ 200th Time, Just As Price Hits $11k