With a fall that began around November last year, many were discouraged with bitcoin, while others, more exaggerated, believe that Bitcoin is dead. Empiricus, in a sponsored post on Instagram, declared the demise of Bitcoin, stating that “we came through this statement to inform you that Bitcoin is gone” and that it was necessary “to be realistic and that it is almost impossible to get rich by investing little money in Bitcoin.”
Empiricus is the largest independent publisher of financial content in Brazil. This is not the first time that the investment consulting firm that became the target of representation in the MPF for false advertising declares that Bitcoin is dead, having done it more than 50 times in the last year, that is, for the company’s experts, every day is the first of april.
Credits to those who deserve it
The Empiricus advertisement states that “it is almost impossible for you to get rich by investing little money in Bitcoin”, since, in the company’s curious view, Bitcoin is not considered a way to get rich with little investment , for Empiricus, Bitcoin is just a way of accumulating and storing value through a series of medium and long-term investments.
After declaring the death of Bitcoin, the propaganda changes course and starts to promise big profits with “microcoins”, “coins with high potential” that have not yet been listed on major exchanges. Basically a casino or a Mega-Sena of cryptocurrencies not unlike the altcoin fever in 2018 and DeFi coins last year.
It is worth remembering that the microcoins recommended by Empiricus have dropped by more than 70% since the company indicated them. For example, Band Protocol (BAND) has dropped 72.76% since the company recommended investment in the asset, BitTorrent (BTT) has dropped 74.49% and NEM (XEM) has lost 70.46% since the publications.
The calls, therefore, only show cryptocurrencies that have already appreciated, that is, that it is time to sell, but they claim that they are not “prophets of the past”.
Recommending investments in “a new currency that will make you a millionaire” is a constant whenever Empiricus talks about the demise of Bitcoin. That is, it uses the bitcoin crash for its investment advice advertisements in different cryptocurrencies.
Empiricus exaggerations aside, Bitcoin is really not at its best, however, to say that an asset that is being traded in the $ 40,000 range has died is almost mediocre.
Although Empiricus has killed Bitcoin at least 50 times in 2021, it has broken through its all-time high twice, cheering the entire altcoin market which, obviously, by offering more risks, can also present greater returns, as well as greater losses when the altcoin market. Bitcoin drops.
It is difficult to know what the future of the coin will be in the coming months, but every veteran investor knows that the price of Bitcoin is made up of highs and lows. Just remember that in 2020, at the beginning of the crisis, it came to be below US$ 5 thousand, today, even in crisis, it is 8x above that value.