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Is Bitcoin Dead?

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Bitcoin is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.

Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Is Bitcoin Dead?

While Bitcoin has several money-like features, economists and regulators remain unconvinced that Bitcoin currently acts as money.

This is because relatively few transactions are conducted in Bitcoins and very few things are denominated in Bitcoins.

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Bitcoin
Image Credit: BBC

Bitcoin’s story cannot be told without the inclusion of both its strongest believers and disbelievers. Healthy skepticism of revolutionary technology is vital because it speeds up development and adoption.

“Bitcoin Is Dead” was created in hopes of playing a tiny role in telling its eventual story by tracking its most notable skeptics and documenting important pieces of its history.

All Bitcoin obituaries are added manually to ensure accuracy. Daily Bitcoin price data is powered by the Bitcoin Price Index from CoinDesk.

However, The leading crypto has overall been on the decline over the past week, down nearly 10%.

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