As Bitcoin (BTC) was hitting new historical highs above $68,000 this year, global cryptocurrency naysayers were increasingly blasting BTC for its extreme volatility and potential risks.

According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, the original cryptocurrency was declared "dead" as many as 45 times in 2022, which is at to the lowest degree three times more than in 2022.

Despite the growing number of Bitcoin critics in 2022, the number of obituaries is all the same significantly less this twelvemonth than was recorded in 2022, the year when BTC first reached close to $xx,000. That year, Bitcoin "died" 124 times.

Incepted in 2022, 99Bitcoins' Bitcoin Obituaries list has English-language statements, including content almost the fact that Bitcoin "is or will be worthless." To authorize an obituary, the content should be produced by a person with a "notable post-obit or a site with substantial traffic."

Information technology has counted 438 obituaries so far, with ane of the latest obituaries produced past Robert McCauley, an associate member of the kinesthesia of history at the University of Oxford. In a Dec. 22 guest post for the Financial Times, McCauley argued that Bitcoin is "worse than a Madoff-manner Ponzi scheme," arguing that BTC holders "will have no one to pursue to recover" sums that they "paid the miners for their Bitcoin."

Eswar Prasad, senior professor of international merchandise policy at Cornell University, previously predicted that "Bitcoin itself may not last that much longer" due to the growing "​​promise of decentralized finance."

While Bitcoin naysayers keep betting on a gloomy future of BTC, some analysts such every bit Bloomberg article strategist Mike McGlone believe that Bitcoin could hit $100,000 next year.

Related: Crypto community responds to Charlie Munger yelling at Bitcoin again

As previously reported, the crypto community has been strongly anticipating BTC to have hit $100,000 by the terminate of 2022. After failing $100,000 predictions, some executives such every bit Kraken CEO Jesse Powell are still bullish on Bitcoin'due south price in the long term simply also expect a potential crypto wintertime in the brusque term.

At the fourth dimension of writing, Bitcoin is trading at $47,597, up around 70% over the past 365 days, according to data from CoinGecko.

Bitcoin 365-twenty-four hours price chart. Source: CoinGecko