Bitcoin’s Obituary? Not So Fast, Says the Internet

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Well, strap in, folks, because the world of Bitcoin is once again serving up a delightful cocktail of drama, confusion, and Terrence Howard. Yes, you read that right. The man who once claimed he’d solved the mysteries of physics has now turned his attention to cryptocurrency, and let’s just say his prognosis is about as optimistic as a raincloud at a picnic.

At the time of writing, Bitcoin [BTC] was merrily bobbing along at $68,522.50, having gained a respectable 1.85% in the last 24 hours. On the weekly charts, it’s up 4%, which is not too shabby for a digital currency that’s supposedly on its deathbed. And let’s not forget, Bitcoin dominance has climbed to 59.09%, inching ever closer to that magical 60% mark. So, is it dying? Or is it just having a midlife crisis? Hard to say.

Terrence Howard: Crypto’s Newest Critic

Enter Terrence Howard, Oscar-nominated actor and self-proclaimed Bitcoin skeptic. On the PBD Podcast, Howard declared with all the gravitas of a man who’s just discovered fire, “Bitcoin is going to die. I don’t, I don’t mess with it.” Ah, the sweet sound of certainty in an uncertain world. According to Howard, the problem is that Bitcoin is still priced in U.S. dollars, which apparently ties it to the traditional financial system. Because, you know, nothing says “decentralized” like being pegged to the greenback.

Howard also warned that digital assets could be “wiped out with the push of a button,” which sounds less like a financial analysis and more like the plot of a bad sci-fi movie. But hey, who are we to judge? The man did once claim he’d invented a new form of mathematics, so maybe he’s onto something.

Apparently, Howard’s skepticism was fueled by a friend who asked him to move $25 million into crypto for a quick return. Red flags? Absolutely. But let’s be honest, if someone offered me $25 million to invest in anything, I’d probably start questioning the existence of gravity too.

The Crypto Community Strikes Back

As you might expect, the crypto community was not exactly thrilled with Howard’s take. Investor Bram Kanstein fired back with a succinct, “If you think Bitcoin can be ‘wiped out with the press of a button’ you have no clue dude.” Ouch. That’s gotta sting more than a paper cut from a blockchain whitepaper.

Another analyst chimed in, pointing out that despite geopolitical uncertainty, Bitcoin is holding steady. “The next crucial zone for Bitcoin is $69,000-$70,000,” they said, because nothing says “serious financial analysis” like a price target that sounds like a late-night infomercial.

And let’s not forget the historical perspective. One analyst noted that Bitcoin has a habit of doing the same thing every cycle: retesting the previous cycle’s all-time high, building a bottom, and then heading higher. It’s like the financial equivalent of a boomerang-you throw it, it comes back, and you wonder why you didn’t just buy a frisbee instead.

Sentiment: Fear, Loathing, and Google Searches

Meanwhile, Santiment reports that investor sentiment took a nosedive between February 4-6, dropping to -6.978. That’s right, folks, fear is in the air, thicker than the plot of a Terrence Howard screenplay. This caused many short-term retail investors to sell their holdings, because nothing says “I believe in the future” like panic-selling at the first sign of trouble.

Google search trends tell a similar story. Searches for “Bitcoin” hit a popularity score of 100 on February 8, only to plummet to 49 shortly after. It’s like the internet collectively shouted, “Bitcoin!” and then immediately forgot what it was talking about. Classic.

Looking ahead, the next big move in the market may depend more on geopolitical developments than on internal crypto metrics. If tensions ease, Bitcoin might stop being treated like a wartime hedge and start acting like a risk asset again. In that case, dominance could rise above 60%, which would be great news for Bitcoin-and terrible news for Terrence Howard’s credibility.

The Final Word

  • Despite the fear-driven phase, Bitcoin has managed to stabilize above key levels. Take that, doomsayers.
  • Celebrity criticism highlights just how much misinformation still surrounds crypto. But hey, at least it’s entertaining.

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2026-03-10 09:11