Read with a big scoop of salt

Bitcoin is all over the place these days, hitting an all tome high, the halving on the way, the ETF’s booming, etc… And mainstream media have found another story to milk about, and no, it’s definitely not correct information they are giving.

You sure have to be very careful in believing what mainstream media are writing about Bitcoin and crypto currencies in general these days. On the one hand, they are talking about a huge boom that is coming, with projected prices to 100000 and even 250000 USD. On the other hand, they let the so called financial “experts” in. Which almost all crack Bitcoin and crypto down to the bone.

Some examples

“Bitcoin is not backed by anything!”

Well, I wouldn’t say that, about 150 million people that are using Bitcoin, is what is backing it. The community gives Bitcoin its value. Compared with Fiat currencies that are also not backed by anything, but the community of Fiat is forced to use it, that’s a whole different story!

”Bitcoin doesn’t bring in any interest or dividends”

Well, that shows how much those so called experts really know about crypto. Just about any platform available offers interest on almost all cryptocurrencies that are deposited. And some, like Hive, even have it built into their code…

”Bitcoin is like the tulip madness”

That’s an easy one, tulip balls were a hype in the 17th century because they were scarce, for a while. But once people figured out, tulip balls could be created into oblivion, the market crashed. No such thing with Bitcoin, the scarcity stays!

Do your own research

This shows once again, how scripted the mainstream media is, in favour of the central banks. Do your own research, and don’t just believe what your newspaper says about crypto!

Sincerely,

Pele23