Bitcoin Breaks Records, Critics Repeat the Same Line: ‘It’s Dead’

Bitcoin’s rise past $104,000 this year hasn’t silenced its skeptics. In fact, 2025 has already seen 11 new “death” claims — public declarations that the cryptocurrency is doomed — surpassing last year’s total.

These obituaries often surge during bull runs, a pattern seen in 2017 and now repeating. Since 2010, Bitcoin has been declared dead 430 times.

Recent criticisms have come from both old and new voices. Nobel economist Eugene Fama questioned its long-term viability, while Solana’s Anatoly Yakovenko challenged its relevance amid rising environmental concerns.

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Peter Schiff, Bitcoin’s most persistent critic, continues to call for its collapse, bringing his personal tally to 18 obituaries.

Despite the backlash, Bitcoin’s market cap and institutional interest continue to grow. If anything, the repeated forecasts of failure seem to underscore the asset’s resilience — or, at the very least, its ability to stay in the global spotlight.

Alexander Stefanov