Bitcoin has been around for nearly 16 years, from having no actual value to now reaching a high of $90,000 (in the futures market) per coin, from a small group of miners holding it to governments and institutions actively buying it, everything seems to be going so smoothly.
However, the truth is that Bitcoin has experienced multiple devastating crashes in these 16 years, each time making the market believe that "Bitcoin is dead." But the lull after each crash has ultimately brought a brighter future for Bitcoin.
CZ: If you ever believed the "Bitcoin is dead" narrative, that's on you
Against this backdrop, CZ, the founder of Binance, tweeted today and included a website link, stating:
If you believed any of these "Bitcoin is dead" narratives, then... that's on you.
If you believed any of these guys, then … blame yourself.https://t.co/J2lp9KDeBZ
— CZ 🔶 BNB (@cz_binance) November 12, 2024
Interestingly, the website records a staggering 385 "Bitcoin is dead" narratives, with the earliest dating back to October 15, 2010, in an article by The Underground Economist titled "Why Bitcoin Can't Be a Currency"; the latest being on June 19, 2022, in an article by News.com.au titled "Bitcoin dips to $17k, signaling the death of cryptocurrency".
Furthermore, the website has compiled a chart showing the timeline of when these "death" narratives were published, and we can clearly see that these narratives have been constantly appearing, regardless of whether Bitcoin's price is rising or falling.
CZ: Don't put all your eggs in one basket
Regarding Bitcoin's continued record-breaking performance, CZ also expressed his views in a tweet on the 9th, advising investors to manage their risks appropriately:
As Bitcoin continues to hit new all-time highs, it's important to manage your risk. There will be many dips (and highs) ahead. Make sure you can handle them. Control your greed, don't put all your eggs in one basket.
It's worth mentioning that CZ's tweet references his famous quote from the 2021 bull market:
If you can't hold, you won't be rich.
