• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Bitcoin is Going Mainstream, Why The Doubters Will Be Kicking Themselves

Samuel Wan by Samuel Wan
2 years ago
in Opinion
Reading Time: 3 mins read
Advertisement

According to the website 99bitcoins.com, to date, Bitcoin has died a total of 341 times. The most recent report of Bitcoin’s demise came from The Felder Report, less than two weeks ago, in which former Bear Stearns analyst Jesse Felder wrote:

“Ponzi schemes can work out great for early adopters. But that doesn’t make bitcoin, in any shape or form, a good investment or even a store of value, especially for those late to the game. And, for that reason, I can’t get behind it the way I would get behind what I perceive to be uncommon value in the stock market or a true store of value like gold.”

At the time of publication, BTC was days away from making a new all-time high. This shows that, no matter what the price is doing, Bitcoin will forever be an elaborate scam for the hardline skeptics out there.

Bitcoin daily chart

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!
Source: BTCUSDT on TradingView.com

Then there are those who, in light of recent price moves, have reconsidered their position. In some instances, this led to a greater degree of receptivity towards cryptocurrency.

A recent example of this was when billionaire hedge fund manager Ray Dalio conceded that he might be missing something about Bitcoin, as it hit $18k.

Also, JPMorgan CEO Jamie Dimon made no secret of his hostility towards Bitcoin. While he stops short of endorsing it, he has at least backpedaled on his “Bitcoin is a fraud” comment.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Based on the bell-curve pattern of Bitcoin deaths by year, with few reports in 2010, peaking in 2017 with 124 reports of death, and then falling to just 7 in 2020, it’s fair to say that, over time, the arguments put forward by BTC skeptics have lost steam.

For those who remain skeptical, what will it take to change their mind?

2020 Is The Year of Bitcoin

A 170% surge fueled by institutional buyers has forced many Bitcoin skeptics to think again. In fact, 2020 will go down as a pivotal year for the leading cryptocurrency.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

Crypto advocate Mike Novogratz said this is because of the extraordinary times we are living in. Right now, investors at all levels grow increasingly distrustful of fiat money.

In the past, it was fringe members of society, the cypherpunks, and the tech nerds, saying this. But now, in 2020, with respected public listed firms ratifying Bitcoin, the message carries much more weight.

As Novogratz put it, the momentum of the past 11 years has hit escape velocity.

So much so that Peter Roffman, the Global Head of Innovation and Strategy at S&P Dow Jones Indices., recently announced a cryptocurrency index, coming in 2021.

“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks.”

Crypto purists will argue that this was motivated by fear of becoming irrelevant. But the fact remains that cryptocurrency is going mainstream.

Expectations are that the additional buy pressure will lead to further price spikes for Bitcoin.

While outlandish price predictions of $100k, or $500k, or even $1 million seem like pie in the sky from where we currently stand, there will come a price when even the most ardent skeptic will have to yield.

The sooner that happens, the sooner we can all move forward.

Tags: bitcoinbtcusdBTCUSDT
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

DAOs

What DAOs Can Do: Exciting Or Worrying? Rethinking 2021 – Pt. 2

7 months ago
Crypto

What DAOs Can Do: Social Movement Or Playground? Rethinking 2021 – Pt. I

8 months ago
Hoskinson Tweets Birds Again: Is a Cardano Announcement Coming Soon?

Hoskinson Tweets Birds Again: Is a Cardano Announcement Coming Soon?

1 year ago
crypto

Traditional Finance and Crypto Are Converging – That’s a Very Good Sign

1 year ago
Meet the Influencers Bringing Blockchain To Mainstream Consumers

Meet the Influencers Bringing Blockchain To Mainstream Consumers

2 years ago
2021 Is Bitcoin’s Year: How to Get in on the Digital Gold Rush

2021 Is Bitcoin’s Year: How to Get in on the Digital Gold Rush

2 years ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

WEB5 Inu ($WEB5) launches the next-generation Decentralized Finance (DeFi) cryptocurrency

August 12, 2022

GNOX (GNOX) Presale Sell-out Causing Dogecoin (DOGE) And Fantom (FTM) Holders To Flock In For Launch

August 12, 2022

Biggest Profits Likely From Uniglo (GLO), Near Protocol (NEAR) And Fantom (FTM)

August 12, 2022

Nexus Dubai (NXD) Project Obtains First Cryptocurrency Exchange License in Dubai

August 12, 2022

AscendEX Lists Lovely Inu (LOVELY), a DeFi Meme Platform

August 12, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.