Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes
While mainstream media generally remains cautious against Bitcoin, current fiat debacles left outlets with no choice but to recognize BTC’s standout performance. Despite USD bringing an onslaught to stocks, commodities and its rival currencies, Bitcoin (BTC) holds steady at the $19,000 to $20,000 mark, leaving mainstream media no choice but to put BTC into the headlines. American daily newspaper The New York Times highlighted BTC’s 6.5% increase in the last seven days and noted that this had caught the attention of crypto bulls and bears. Meanwhile, Fortune Magazine's crypto outlet has....
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Even though mainstream media outlets earn good money by spreading the news to the general population, not all of their news is based on research, facts, or truths. After all, negative news will sell more papers or online subscriptions whereas positive news is read once and then forgotten about. Mainstream media has never been keen on Bitcoin and digital currency unless they were able to spread misconceptions or create negative press that was based on speculation. The popular digital currency has seen various iterations of attacks by mainstream media throughout the years, but journalists....
Like most meme coins in the market right now, Dogecoin (DOGE) has been in a major downtrend, with its price still testing the $0.1 level amid broader volatility and shifts in investor sentiment. As DOGE’s market value continues to decline, many investors and traders may see the correction as a possible buying opportunity. Amid this […]
A widely anticipated US dollar rally is caught between the proverbial Horns of the Bull, leaving the dollar in grid-lock. Meanwhile, the mainstream media turns up the volume of their cries of market woes – just as the decline pauses for a breather. The CBoE and CFTC release weekly summations of the speculative positioning of various classes of market participants. This week we consider the currency commitment of traders with an eye to understanding the pushes and pulls on the US dollar.
As another wave of major financial institutions announce bitcoin plans, it’s getting harder for the MSM to simply print the same old FUD.
Whether it is the election of Donald J Trump as the U.S. President or the Demonetization woes that are affecting India, the fastest growing economy in the world, no fiat currency is immune from geopolitical risk. Uncertainty about the road ahead leads to fluctuations and volatility. When fiat currencies come under pressure, it is only natural for people to look for alternatives. Gold has been one traditional hedge, but with the emergence of cryptocurrencies, people have more than just one or two options. Today they can look to a myriad of cryptocurrencies like Bitcoin and Ethereum and not....