Since 2010, the mainstream media has written “Bitcoin is Dead” obituaries over 400 times. This legendary bitcoin resilience is undeniable.
– It “died” when Mt. Gox (the biggest exchange) was hacked in 2014.
– It “died” when the price crashed 80% in 2018.
– It “died” when China banned it in 2021.
– It “died” when the FTX fraud collapsed the market in 2022.
Yet, every single time, it comes back stronger.
This is called the “Lindy Effect.” The idea is that the longer something survives, the longer it is likely to survive in the future.
Bitcoin is like a cockroach (in a good way). It is unkillable. It has no central point of failure, so you cannot shut it down.
This bitcoin resilience gives long-term investors deep confidence. If it can survive the combined attacks of governments, hackers, and bank crashes, it can probably survive whatever comes next.