They Keep Writing the Bitcoin Eulogy

Seventeen Years of Being Wrong About Bitcoin

Bitcoin has been declared dead more times than most ideas are ever born.

Depending on which counter you trust, and yes there are bitcoin obituary websites, the mainstream media has written more than 470 obituaries for bitcoin over the last seventeen years. Headlines, essays, confident proclamations that this experiment has finally failed. Honestly, there are countless tweets and other posts declaring the same thing. Bitcoin was declared dead at $10. Then again at $100. Again at $1,000. $20,000, $60,000 too. I’m sure more are coming especially with the current market.

Every cycle brings a new funeral. Every funeral arrives with the same certainty. This time is different.

Here is the part that should slow us down.

If you had invested $100 every time bitcoin was declared dead, you would have invested roughly $47,000 in total (1,744%). At today’s prices, that would be worth more than $82,000,000. Not because you timed anything perfectly, but because you endured.

That is not price worship. That is a lesson in patience and conviction.

Scripture is very honest about this. It tells us that patience has a job to do, and most of us want to interrupt it.

“Let perseverance finish its work so that you may be mature and complete, not lacking anything” - James 1:4, NIV

Finish its work. Not start it. Not rush it. Finish it.

“Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up” - Galatians 6:9, NIV

That phrase, “if we do not give up,” is where faith gets tested. Most people don’t lose conviction because they were wrong. They lose it because they got tired of waiting.

Bitcoin has lived inside that truth.

Since the all time high on October 6, 2025 ($126,210), price has moved lower by about 40%. Not because the thesis failed. Not because scarcity broke. Not because adoption reversed. Markets breathe. Leverage unwinds. Excess clears. Liquidity cycles. That is not collapse. That is refueling.

Volatility is the price you pay for performance. You cannot go from zero to $1.7 Trillion in seventeen years without heart stopping drawdowns along the way. 50% declines have happened before. They did not end the network. They strengthened it.

Bitcoin is antifragile. Stress does not weaken it. I believe, stress trains it.

Every failed attack hardened the code. Every regulatory hurdle clarified the rules. Every price collapse tested conviction and refined the community. The fundamentals did not change. Blocks still arrive every ten minutes. Supply remains capped. Decentralization continues to increase.

The only thing that changed was the price people were willing to pay on a given morning.

This is where discernment matters.

The noise screams that bitcoin is crashing. The bubble finally burst. But the signal tells a different story. Hash rate is at all time highs. 60% of major U.S. banks are building bitcoin infrastructure. Nation states are accumulating quietly, currently 23 nations. Long term holders are not selling.

The math has not changed.

Supply is fixed at 21,000,000. Demand continues to expand through institutions, sovereigns, individuals seeking self custody, and technology layers that make bitcoin more useful, not less. As demand grows against a fixed supply, the long term trajectory remains intact.

Panicking at these levels is like quitting the journey because the road got quiet. God does some of His deepest work in the silence between milestones.

Bitcoin is still early. It is still forming. It is still teaching patience to a world addicted to immediacy. We’ve gone from being kids to adolescences to young adults.

Scripture says it plainly:

“The end of a matter is better than its beginning, and patience is better than pride” -Ecclesiastes 7:8, NIV

Bitcoin has always rewarded patience over pride.

The revolution does not move in straight lines. It moves in cycles. Growth. Excess. Correction. Renewal. But through every cycle, the baseline rises.

So when the next obituary is written, remember this. They have been wrong for seventeen years.

The question is not whether bitcoin survives this season. It always has. The question is whether you have the patience to see what comes after it.

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Prayer 🙏🔥🕊️

Dear God, Thank You for teaching us patience in a world that demands instant results.

Anchor us in truth when noise grows loud. Strengthen our conviction when timing tests us. Help us to endure without fear, to wait without resentment, and to trust Your process over our emotions.

May we steward wisely. May we walk faithfully. And may we remain patient as You build things meant to last for generations. In Jesus’ name, Amen. ✝️💛