It would be naive to believe that bitcoin is dead, just as it would be naive to believe that investing in bitcoin will be as profitable in the future as it was in the early cycles. And even more so after what we've witnessed. It's not dead, to be sure, but forecasts for this cycle have been disappointing.
It is a very disappointing when someone who is a bitcoiner is emphasising that bitcoin is dead. I know very well that Bitcoin is not dead but what Bitcoin is experiencing from the factor I'm seeing Bitcoin is lack of people coming to the market to invest into cryptocurrency and Bitcoin particularly. I know that Bitcoin is like on and off. If bitcoin should continue to rise it will make fiat currency valueless. New intake for cryptocurrency investment are the ones who is seeing bitcoin like a dead currency