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"The sense of urgency is everywhere I look. Bitcoin is dying, and it's time get a new job. The warnings are stark. Bitcoin’s price has lost 70% since its $20,000 peak last year, the Securities and Exchange Commission has rejected every bitcoin ETF it's seen so far and Goldman Sachs has delayed its much-touted roll-out of bitcoin trading.

Bill Clinton’s former senior economist Nouriel Roubini can’t seem to stop talking about the “useless” cryptocurrency, and even the controversial Wolf of Wall Street Jordan Belfort, who pleaded guilty to fraud relating to stock market manipulation, has said that bitcoin is headed for the scrapyard.

As bitcoin and its cryptocurrency peers including ethereum, XRP and others have exploded into the public consciousness over the past year, the warnings must indeed seem dire. But this is not new. Bitcoin may eventually fail, blockchain could prove to be a bunch of smoke and mirrors, but they haven’t yet, and what we’re experiencing right now is just a lot of more of what has already happened.

The first recorded claim of bitcoin’s demise was in 2010, on a little-known blog that found itself posted on a record of “bitcoin obituaries” collected by 99Bitcoins, a bitcoin information site. While I consider myself among the first wave of bitcoin writers, having written my first article on the subject in 2011, this early claim of bitcoin’s death came when the cryptocurrency was valued at only $0.23. It is now worth almost $7,000.

The year I wrote my first article on bitcoin, the nascent cryptocurrency was declared dead six more times as its price fluctuated between $3.12 and $19.73. The site has tracked a total of 309 deaths of bitcoin, the most recent of which was a 24-page take-down by the Economist, which ventured that not only is bitcoin useless but blockchain was probably on its way out too."