Now that the Bitcoin price is rising again, mainstream media outlets remain tightlipped on this significant change. For some reason, they refuse to report on Bitcoin price increases until the value goes down once again. The lack of education and unwillingness to learn by mainstream media outlets shines through once again.
Where Art Thou, Media Outlets?
Although there is an argument to be made as to why bad news will attract a lot more eyeballs than positive events, mainstream media and Bitcoin remain in a complicated love-hate relationship for the foreseeable future. The media loves to downplay Bitcoin at every turn, yet they hate to report on something positive every once in awhile.
Take a look at the current Bitcoin price trend, for example, which seems to be getting zero mainstream media attention. Or to be more precise, the only attention it is getting so far comes in the form of uneducated writers acting surprised Bitcoin is still alive and kicking. Ignorance can be bliss, but some people just overdo it when things do not stroke their own egos or agendas.
Over the past two years, mainstream media outlets have shifted their attention from Bitcoin to blockchain, as that quickly became the new buzzword. However, their strategy had an adverse effect, as blockchain fatigue started setting in by the end of 2015. Everyone is talking about the blockchain this and the blockchain that, without even comprehending how it works, and what it does.
Now that Bitcoin is getting a lot of attention from all over the world – except for mainstream media, that is – it will be interesting to see if these so-called journalists will pivot once again. There is nothing wrong with following trends and money, but there is little to no value in most blockchain solutions without a proper consensus algorithm. After all, it is not possible to create immutability without some labor involved.
Bitcoin does not need the media to spread the word, though. Over the past few years, these outlets have only managed to give Bitcoin a bad reputation and ignore the core values of cryptocurrency. Moreover, they remain utterly blind to the truth staring them right in the face: Bitcoin is not going away, so you would better start paying attention.
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Hilarious… let the mainstream media ignore Bitcoin’s rise, I started ignoring them a while back because they are mostly idiots, indeed pretty much the whole lot of mainstream journalists are just corporate shills at best. Who cares what they think? I don’t, and you shouldn’t either! Now, go and sin no more… and buy some Bitcoin while you can still afford it. 🙂
The same people that own the largest financial corporation own the mainstream media. Do you want them personally to dig their graves?
MSM is too busy trying to convince people that Trump is a nazi…
It’d be bad for ratings to talk about something that could benefit people, like bitcoin.
Eventually they will cover it. It will just be too big to ignore. At that point imagine what the price will be. It may take a breaking of $1000 to get the big media conglomerates to cover Bitcoin. For now Bitcoin is on sale and those who understand this should take advantage of this. The Chinese seem to understand this. If things continue at this pace then in a few years there will be a lot of rich Chinese and a lot of poor Americans ignorantly happy that they contributed to their favorite sociopath’s political campaign. Can’t say we did not warn you. Enjoy obsessing over Trump/Clinton while we use our brains. #HalvingHype
there are already a ton of rich Chinese and and poor “North Americans” (Mexicans and Columbians are American too)
it’s called a lack of culture which does not include trips to DISNEYLAND, eating GMO fast foods all day, mudering foreigners with high powered weaponry, taking in pharma like there is no tomorrow, spending much more than they earn, overly produced pop culture. . .
and my favorite: possessing the ability and power to change the world for the better but instead choosing a vulnerable position, for the sake of false security, while the profiteers turn theft into law
the Chinese lean more toward hard work and investing which trickles down through the generations, not that they don’t have sillyness culture, it just isn’t a priority
I would like to give a big thank you to all those Anglo Saxon bastards worshiping Satan at Tunnel innagurations
they certainly have a dirty hand in all this worldly drama including the dumbing down of education in the USA
What’s the headline “Chinese don’t like the Yuan” what’s news about that?