Is bitcoin dead?

January 19, 2016 11:15 AM

On Thursday of last week, an article was released by a bitcoin developer, Mike Hearn, titled, "The resolution of the Bitcoin experiment."

To those who don't know much about bitcoin (which is almost everyone), it appeared as though one of bitcoin's "creators" had just let the world know that it was a failed experiment, sold all his bitcoin and declared it dead.

The usual throng of anti-bitcoin writers jumped all over it and quite literally caused a selling panic.

Bitcoin-3Monthchart - The Dollar Vigilante

Bitcoin subsequently fell from approximately $430 to $350 in rapid fashion.

For those who have been following bitcoin as long as we have (since $3 in 2011), we've seen this all before... and it is "business as usual" for bitcoin. Numerous times in bitcoin's history, it has been declared dead in an article or event and has reacted with a sell-off.  Heck, people in Japan still think bitcoin died in 2014 when bitcoin's "CEO" was accused of fraud and the Mt. Gox bitcoin exchange was shuttered.

This particular drop has even less reason than usual. Therein lies the opportunity for those who understand what is going on. We managed to get an exclusive interview with Roger Ver, the bitcoin Jesus, from the beach in St. Kitts where he gives the other side of the story... the one where not only isn't bitcoin dead, but thriving.

You can see the interview here:

This interview was released exclusively to TDV subscribers on Sunday, along with a Special Trading Alert identifying an arbitrage opportunity based on the price action caused by Mike Hearns' article.

Roger Ver will attend Anarchapulco and our upcoming TDV Internationalization and Investment Summit along with other top bitcoin names including Trace Mayer and Tone Vays to give you "inside info" on bitcoin - the world's best performing currency in 2015.

The rumors of bitcoin's death have, once again, been greatly exaggerated.  Check out the interview with Roger Ver and decide for yourself if that is the case.

About the Author

Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences including his own, Anarchapulco, as well as regularly in the media including CNBC, CNN and Fox Business.