According to the 99bitcoins website, a resource that maintains statistics on how many times the press has “buried” the main cryptocurrency, the coin has been predicted to die more than 380 times.

The peak of Bitcoin’s “mortality” occurred in 2017 – as many as 124 ANTI-BTC-related publications were published that year.

In 2020, Bitcoin has so far been “buried” only once.

“Gartner”, a research and consulting company specializing in information technology markets, identified 5 stages of hype that undergo all new technologies:

Innovation Trigger:
A potential technology breakthrough kicks things off. Early proof-of-concept stories and media interest trigger significant publicity. Often no usable products exist and commercial viability is unproven.
Peak of Inflated Expectations:
Early publicity produces a number of success stories – often accompanied by scores of failures. Some companies take action; many do not.
Trough of Disillusionment:
Interest wanes as experiments and implementations fail to deliver. Producers of the technology shake out or fail. Investments continue only if the surviving providers improve their products to the satisfaction of early adopters.
Slope of Enlightenment:
More instances of how the technology can benefit the enterprise start to crystallize and become more widely understood. Second- and third-generation products appear from technology providers. More enterprises fund pilots; conservative companies remain cautious.
Plateau of Productivity:
Mainstream adoption starts to take off. Criteria for assessing provider viability are more clearly defined. The technology’s broad market applicability and relevance are paying off.

At the moment, Bitcoin is most likely in the third stage (Trough of Disillusionment), passing the Peak of Inflated Expectations stage in 2017.

Nowadays, a huge number of the world’s best specialists: programmers, developers, as well as marketing specialists, designers, and other specialists work daily to improve the usability of digital assets.

Cryptoarmy team cannot imagine a world without cryptocurrencies anymore.

They are here to stay. What do you think?

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