{"id":435732,"date":"2020-08-20T20:00:30","date_gmt":"2020-08-20T20:00:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=435732"},"modified":"2024-06-11T10:08:14","modified_gmt":"2024-06-11T10:08:14","slug":"destroy-bitcoin-solar-flare-today","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/destroy-bitcoin-solar-flare-today\/","title":{"rendered":"The One Thing That Could Destroy Bitcoin Is Happening Today"},"content":{"rendered":"

There have been dozens of obituaries for Bitcoin<\/a> over the asset’s short history. Despite constantly being proclaimed dead or projected to fall to zero, in theory, it cannot be stopped or killed<\/a>.<\/p>\n

However, the one thing that could actually destroy Bitcoin, is actually happening today. Although today’s event may not be powerful enough to put an end to the cryptocurrency, it does show demonstrate how realistic the scenario may be.<\/p>\n

Is Bitcoin Really Unkillable?<\/h2>\n

Bitcoin was designed to be decentralized and fully autonomous, supported by a network of miners incentivized by that same network to keep it in operation. In theory, it cannot be stopped<\/a> so long as the internet exists.<\/p>\n

Even if an apocalypse that takes out the internet, Bitcoin may still be possible. This was potentially proven when BTC transactions were successfully sent over HAM radio<\/a> last year.<\/p>\n

Related Reading | Space Holds The Key to The Bitcoin (BTC) Moon Mission: Flipping Gold<\/a><\/strong><\/em><\/p>\n

The world is currently experiencing a pandemic, where people are forced to rely significantly more on digital solutions to everyday problems. Political and social unrest<\/a>, coupled with unprecedented impact on mental health due to quarantine conditions, has erupted into protest and violence.<\/p>\n

The only scenario that could make matters worse, would be if all forms of communication were disrupted. This bleak picture is something that Deutsche Bank recently warned<\/a> would be the one black swan that could be more crushing than the current outbreak.<\/p>\n

Solar Flare Taking Place Today Is Example Of Scenario Capable of Destroying Cryptocurrency<\/h2>\n

The only energy source powerful enough to completely knock out all forms of internet, radio communication, and infrastructure, would be the sun.<\/p>\n

This scenario is exactly what Deutsche Bank says<\/a> would make the pandemic look like a walk in the park. It is also about the only thing that can actually destroy Bitcoin.<\/p>\n

What’s more frightening, however, is the fact that such an event is happening today.<\/p>\n

\"bitcoin<\/p>\n

That’s right \u2013 the one thing that could kill Bitcoin is taking place on Earth today, just as the sun sends a powerful solar storm hurdling our way.<\/p>\n

NASA, NWS, and NOAA warn that this event of space weather could disrupt electrical generation systems, radio signals, satellite communications, and more.<\/p>\n

Related Reading | Bloomberg Hilariously Lists Bitcoin As a Space Stock<\/a><\/strong><\/em><\/p>\n

This particular storm<\/a> isn’t likely worthy of destroying the cryptocurrency for good, but these events are far more common than one would believe.<\/p>\n

The last extreme electromagnetic blast from the sun took place in 1859. Wikipedia says<\/a> if a storm of a similar magnitude hit the Earth today, it would cause “widespread electrical disruptions, blackouts, and damage due to extended outages of the electrical grid.” A solar flare of that size could be the one thing that puts an end to the crypto asset for good.<\/p>\n

But within such destruction, there often lies beauty. Those who live in the mid-latitude area of the US, UK, and elsewhere may be able to view an electromagnetic aurora over the night sky.<\/p>\n

If you can see that beauty, take it as a reminder of just how real such an end of days scenario for Bitcoin really is.<\/p>\n","protected":false},"excerpt":{"rendered":"

There have been dozens of obituaries for Bitcoin over the asset’s short history. Despite constantly being proclaimed dead or projected to fall to zero, in theory, it cannot be stopped or killed. However, the one thing that could actually destroy Bitcoin, is actually happening today. Although today’s event may not be powerful enough to put an end to the cryptocurrency, it does show demonstrate how realistic the scenario may be. Is Bitcoin Really Unkillable? Bitcoin was designed to be decentralized and fully autonomous, supported by a network of miners incentivized by that same network to keep it in operation. In theory, it cannot be stopped so long as the internet exists. Even if an apocalypse that takes out the internet, Bitcoin may still be possible. This was potentially proven when BTC transactions were successfully sent over HAM radio last year. Related Reading | Space Holds The Key to The Bitcoin (BTC) Moon Mission: Flipping Gold The world is currently experiencing a pandemic, where people are forced to rely significantly more on digital solutions to everyday problems. Political and social unrest, coupled with unprecedented impact on mental health due to quarantine conditions, has erupted into protest and violence. The only scenario that could make matters worse, would be if all forms of communication were disrupted. This bleak picture is something that Deutsche Bank recently warned would be the one black swan that could be more crushing than the current outbreak. Solar Flare Taking Place Today Is Example Of Scenario Capable of Destroying Cryptocurrency The only energy source powerful enough to completely knock out all forms of internet, radio communication, and infrastructure, would be the sun. This scenario is exactly what Deutsche Bank says would make the pandemic look like a walk in the park. It is also about the only thing that can actually destroy Bitcoin. What’s more frightening, however, is the fact that such an event is happening today. That’s right \u2013 the one thing that could kill Bitcoin is taking place on Earth today, just as the sun sends a powerful solar storm hurdling our way. NASA, NWS, and NOAA warn that this event of space weather could disrupt electrical generation systems, radio signals, satellite communications, and more. Related Reading | Bloomberg Hilariously Lists Bitcoin As a Space Stock This particular storm isn’t likely worthy of destroying the cryptocurrency for good, but these events are far more common than one would believe. The last extreme electromagnetic blast from the sun took place in 1859. Wikipedia says if a storm of a similar magnitude hit the Earth today, it would cause “widespread electrical disruptions, blackouts, and damage due to extended outages of the electrical grid.” A solar flare of that size could be the one thing that puts an end to the crypto asset for good. But within such destruction, there often lies beauty. Those who live in the mid-latitude area of the US, UK, and elsewhere may be able to view an electromagnetic aurora over the night sky. If you can see that beauty, take it as a reminder of just how real such an end of days scenario for Bitcoin really is.<\/p>\n","protected":false},"author":517,"featured_media":435749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1119,1144,78790,6664,1742,82217,4524,76835],"class_list":["post-435732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-digital-currency","tag-solar-flare","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nThe One Thing That Could Destroy Bitcoin Is Happening Today<\/title>\n<meta name=\"description\" content=\"There have been dozens of obituaries for Bitcoin over the asset's short history. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/ktsl888.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"The One Thing That Could Destroy Bitcoin Is Happening Today","url":"http:\/\/ktsl888.com\/news\/destroy-bitcoin-solar-flare-today\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/destroy-bitcoin-solar-flare-today\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/bitcoin-sun-solar-flare-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/bitcoin-sun-solar-flare-scaled.jpg?fit=2560%2C1440"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","digital currency","solar flare","xbt","xbtusd"],"dateCreated":"2020-08-20T20:00:30Z","datePublished":"2020-08-20T20:00:30Z","dateModified":"2024-06-11T10:08:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"The One Thing That Could Destroy Bitcoin Is Happening Today\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/destroy-bitcoin-solar-flare-today\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/destroy-bitcoin-solar-flare-today\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/bitcoin-sun-solar-flare-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/bitcoin-sun-solar-flare-scaled.jpg?fit=2560%2C1440\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"digital currency\",\"solar flare\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2020-08-20T20:00:30Z\",\"datePublished\":\"2020-08-20T20:00:30Z\",\"dateModified\":\"2024-06-11T10:08:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/bitcoin-sun-solar-flare-scaled.jpg?fit=2560%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/435732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=435732"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/435732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/435749"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=435732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=435732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=435732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}