TL;DR:
- Terrence Howard predicts the “death” of Bitcoin on the PBD Podcast.
- He claims the asset could be wiped out “at the push of a button” due to its alleged dependence on the fiat system.
- Bitcoin is currently trading near $69,000, showing strength after a week of high volatility.
Renowned Hollywood actor Terrence Howard has once again sparked skepticism by declaring that Bitcoin (BTC) is destined for a total collapse. This Monday, during an interview on Patrick Bet-David’s PBD Podcast, the performer stated that he avoids the digital asset, considering it intrinsically linked to traditional monetary systems that, according to him, could “turn it off” instantly.
Hollywood Skepticism vs. Market Resilience
Howard argued that Bitcoin lacks real autonomy from fiat currencies and that investor sentiment will be hampered by global uncertainty.“Bitcoin is going to die; I don’t mess with it,”the actor stated, joining a list of nearly 500 “obituaries” the asset has accumulated over its 17-year history, according to portals specializing in tracking crypto death predictions.
Despite these statements, market sentiment remains in a phase of technical consolidation. Currently, the price of Bitcoin oscillates around $68,247, achieving a weekly gain of 3.2%. Analysts observe a robust market capitalization exceeding $1.3 trillion, challenging theories of an imminent disappearance due to external or regulatory factors.
Technically speaking, Bitcoin faces immediate resistance at $71,350, while key support sits at $60,600. Trading volume reflects a tug-of-war between profit-taking and institutional accumulation, especially following the capital inflows through U.S. Bitcoin ETFs, which have injected at least $700 million so far in March.
In summary, in the short term, criticism from public figures like Howard tends to generate media noise but has little impact on the network’s fundamentals. Traders’ attention remains focused on the monthly close; if the price manages to break the $72,000 barrier, the bullish scenario would regain strength to chase new all-time highs before the end of the quarter.
