Is crypto dead? Traders divided as Bitcoin search interest falls

A fresh debate over cryptocurrency's future has erupted on X after trader Rex declared the industry finished, drawing opposing views from market participants as Bitcoin struggles around $80,000 and public search interest continues to weaken. Rex declared the crypto industry finished, prompting responses from several commentators. Mert argued cryptocurrency remains in its early stages despite the market downturn. Gum pointed toward blockchain infrastructure, company financials and business growth. Google Trends data indicates weaker Bitcoin search interest as prices hover around $80,000. According to an October 27 post from Rex, cryptocurrency is "pretty much finished as an industry," a claim that prompted responses from Mert, Gum and other commentators.

First reported by crypto.news. This page is a short excerpt; the full text is theirs.