(BTC) has recently “died” for the 300th time, according to bitcoin obituary list. The cryptocurrency faced its “most recent death” in the latest “obituary” provided by .
bitcoin celebrates its 300th death anniversary following from Forbes published May 30. The article claims that bitcoin’s “Achilles Heel” is the huge amount of required by crypto operations.
According to Forbes, bitcoin miners underestimate the risks associated with consumption on the global scale. The report also stresses such issues as power theft and the cost of mining equipment that is becoming more and more expensive:
“Predictably, bitcoin miners downplay both their energy usage and the threat it poses to ordinary people, ordinary businesses and the planet that they occupy.”
At the time of the latest “death” recorded by 99Bitcoins, BTC was trading at $7,312. In December, when bitcoin died it’s death, the BTC price hit the $11,000 mark. According to 99Bitcoins stats, the major cryptocurrency “died” 62 times this year.
This year, various pundits and public figures proffered their own suggestions as to why bitcoin is doomed to fail, including the notorious statement that bitcoin is and Governor Mark Carney’s claim that BTC has .
While bitcoin has recently faced its 300th death and dropped in value by around last month, several prominent figures in the tech and business worlds have made bullish statements on its future. Recently, Apple co-founder Steve Wozniak that “only bitcoin is pure digital gold,” reiterating the of CEO Jack Dorsey that in a decade BTC will be the “single currency” of the world and the .
According to , BTC is trading at $7,407 at press time, having gained around 4 percent over the past week.
Published at Tue, 05 Jun 2018 01:34:03 +0000
