The mainstream news seems mainly positive about BTC, these days!
I first noticed this in this Independent article... Bitcoin Breaks New Price Record
It's very short and to the point and goes over....
- Bitcoin price hit $70 000
- Up from $31K from this time last year
- ETFs opened up billions of dollars of inflows.
- Many other alts have also increased in value along with BTC.
- The London Stock Exchange is soon to open up applications for Bitcoin ETNS.
- $100 000 BTC is possible in 2024, but previous bull-runs have ended in pull backs.
It only has one brief caveat about a pull-back at the end!
The Daily Mail followed suit with a similarly positive article, covering very similar information but added that this is linked to a FED interest rate cut.
However ever archaic and over-cautious BBC continues to fail with up to date coverage, although it has at least produced a relatively recent video explainer of the basics of Bitcoin, so at least it's heading to neutral coverage rather than its historically negative coverage....
The good old Sun is the only newspaper with an implicitly negative coverage with its most recent article being on an AI romance scam, with the victim having sent a scammer £10K to 'invest in crypto', which tars crypto with the scam even though it's got nothing whatsoever to do with it.
Topping the list for outrageously positive coverage is The Guardian - not only does Bitcoin nearly reach $73K (so looking forwards) it ends with a commentator saying Bitcoin's upward movement could be 'parabolic' due the fact there's a large amount of cash just sitting around ready to be vested!
Yowser!!!
Not financial advice of course!
It's just VERY interesting to note the rising positive press sentiment in line with the rising prices!
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STOPOh yes I should delete that link soz!
What is an ETNS ?
Exchange traded notes whatever they are...?!
I guess now that the ETF is real those who have enough influence have that need to put out positive news about it after all its on their best interest is not just internet money anymore, not that Im in favor of ETF for the main reason that it was suppose to be **evenly ** distributed although that was a dream too but not control by just a few aka ETF, this has probably change a bit the crypto cycle not entirely but def had a big impact, who knows how high it will go this time
It's a tough on isn't it! Price increases cos it's less decentralised... still it's far from the only crypto, right..?!?
Perhaps, they want to drag some victims before the correction.
Maybe although I doubt the correction is gonna be that hard or that long..?!
The mainstream press usually fail at covering crypto. Just don't try to trick me into going to the Daily Fail! Hateful rag.
I think still too early to move against the trend in mainstream media. Let them continue the buying pitch until it reaches the euphoric level. At that time, we know what to do.
!PIZZA
$PIZZA slices delivered:
@rzc24-nftbbg(3/5) tipped @revisesociology
That's right now there is no bad news and the market is going up so that's where the difference is within the bear and bull cycle and we'll see prices go above 1 lac this time.
What I’m mostly concerned about now is if we will get to $100k in this bull run plus the halving that is about to happen
It will be very amazing