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Dear customer,
If you have been watching the markets or scrolling through social media this week, you have probably seen the headlines. As Bitcoin experiences its latest market correction, the media is rushing to write its obituary (yet again).
But we at Paybis believe in data, not suspicions. Before you make any decisions about your crypto portfolio, here are the stats on Bitcoin's "demise":
⭐ 467 official "deaths": Since its inception in 2010, mainstream media and financial analysts have officially declared Bitcoin "dead" or "worthless" a staggering 467 times.
⭐ Search volume at all-time highs: According to Google Trends, global search interest for the phrase "Bitcoin is dead" just hit a perfect index score of 100. Historically, these maximum search spikes correlate heavily with peak retail panic and market bottoms.
⭐ The fear index is bottoming out: Crypto Fear & Greed Index recently dropped as low as 6 to 14 out of 100, placing market sentiment in the "Extreme Fear" zone, levels rarely seen outside of major macroeconomic shakeouts.
⭐ The $70 million statistic: According to the official Bitcoin Is Dead tracker, if an investor had simply purchased $100 worth of Bitcoin every single time the media published an obituary since 2010, that portfolio would be worth over $70,000,000 today.
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