{"id":9905,"date":"2022-06-20T21:34:00","date_gmt":"2022-06-20T18:34:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=9905"},"modified":"2024-02-19T21:50:39","modified_gmt":"2024-02-19T18:50:39","slug":"bitcoin-dead-again-google-searches-hit-new-record","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/ru\/2022\/06\/20\/bitcoin-dead-again-google-searches-hit-new-record\/","title":{"rendered":"Is Bitcoin dead (again)? Google searches hit a new record"},"content":{"rendered":"

Bitcoin (BTC) is still a new kind of asset, never seen before. So, for unaware people, it may look like a fragile digital coin with little or no value \u2014even with billions in market cap now. That\u2019s why Google searches hit a new record recently for the term \u201cBitcoin dead\u201d.<\/strong> After all, BTC has been experiencing a huge decline, losing over 74% from its last All-Time High (ATH).<\/p>\n\n\n\n

Before that ATH in November 2021, the previous bullish cycle in 2017 saw peaks of +$20,000 per coin. This was an important reference point: Bitcoin doesn\u2019t use to go down beyond previous ATHs<\/a>. However, this time, the price dropped to a minimum of $17,700 [CoinMarketCap]. Therefore, as indicated by the Crypto Fear and Greed Index<\/a>, the market is in Extreme Fear.<\/p>\n\n\n\n

The economist (and not a big Bitcoin fan<\/a>) Peter Schiff already declared that Bitcoin is dead, considering the recent circumstances. Just like many others, now and before.<\/p>\n\n\n\n

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Long-term Bitcoin #HOLDers<\/a> aren't worried as they've been through 73% declines before. But previous declines didn't involve anywhere near the total market cap lost during this decline, nor did they involve massive leverage. This crash is just beginning. #Bitcoin<\/a> will not recover.<\/p>— Peter Schiff (@PeterSchiff) June 18, 2022<\/a><\/blockquote>