Bitcoin Is Dead (Again)

Nov. 18, 2022 4:29 PM ETBitcoin USD (BTC-USD)69 Comments


  • FTX is dead. Crypto is not. Don't confuse the two. Reports of Bitcoin's death have been greatly exaggerated.
  • Search interest in "Bitcoin is Dead" has spiked following the collapse of FTX. History tells us we're close to a bottom.
  • On-chain metrics look phenomenal. Non-zero addresses are approaching 44 million and exchange supply is at a two year low.
  • BlockChain Reaction members get exclusive access to our real-world portfolio. See all our investments here »


We're now a little over a week removed from arguably the biggest calamity in crypto this year. And that's saying something because 2022 has been pretty awful for crypto proponents and Bitcoin (BTC-USD) advocates. We are now 53 weeks

Bear market. Crypto Winter. Whatever the label; Bitcoin has struggled in a macro environment of interest rate hikes and balance sheet tightening. Despite those struggles, a balanced approach to crypto can work right now. An equal weighted allocation to my Top Token Ideas in BlockChain Reaction is beating a dollar cost averaged Bitcoin position. And the early reviews are strong:Join to get:

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Digital assets are the investment opportunity of this generation. Sign up for BlockChain Reaction now with a free two week trial and position yourself for the next bull.

This article was written by

Mike Fay profile picture
Decoding digital assets and cryptocurrency research for serious investors.

5 years as a media research analyst. Mainly covering crypto, metal, and media equities. I share deep dives on under the radar digital assets through my Seeking Alpha investor group BlockChain Reaction - my approach to crypto coverage leans far more fundamental than technical. I believe the overwhelming majority of crypto coins will go to zero. However, I think there are many that will actually perform very well long term. Those are the assets I aim to help other investors find. 

Outside of Seeking Alpha, I write the Heretic Speculator newsletter where I share additional thoughts on finance with more of a social backdrop.

Disclosure: I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I'm not an investment advisor. I share what I do and why I do it for informational purposes.

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