Bitcoin is still alive and growing stronger as it swaggers toward its third block rewards a halving event. However, the pioneering website that first spreads the rumours of bitcoin’s death, unlike the flagship digital currency, is unfortunately rotting.
Bitcoin, the most popular and most capped digital currency on the market, continues to prove its doubters wrong as it surges past $10,000. The digital currency is growing even stronger to prove that its bad talkers were false; they went so far as to declare it dead ten years ago.
Bitcoin still alive a decade later
Bitcoin was launched by an anonymous Satoshi Nakamoto back in 2008. Following the introduction of the first digital currency, an untold number of entities emerged claiming that bitcoin was dead, worthless, and a ponzi scheme.
Unfortunately, for all the defeatists, bitcoin is breathing, and even more lively than ever before, as its halving approaches. As per the BTC Obituary page, the flagship digital currency has been declared dead for a total of 380 times since its introduction.
The initial date when Bitcoin was falsely announced dead was December 15, 2010, while only $0.23 was traded by the late Underground Economist; who published an article titled “Why Bitcoin Can’t Be a Currency.” Thanks to Wayback Machine, a copy of the article on the deceased website still exists.
Bitcoin’s third halving to take place next week
The highly-rated digital currency currently holds around $9,600, rising by about 10% over the last seven days. Bitcoin’s total market cap is $176 billion. The third halving event of the digital currency is scheduled to happen in the coming week.
Block rewards halving within the Bitcoin Network will reduce the supply of fresh BTC tokens by half. At present, the remuneration per mined block is 12.5 BTC. However, this figure will drop to 6.25 BTC after the halving event.