I think this whole thing could go both ways in its affecting of the price, as you have the news on the MSM that is saying that Bitcoin is a scam and then you have other pieces of news stories with analysts saying Bitcoin will go to 25k-50k.
It goes both ways and I really don't know what Bitcoin will be going to next in terms of price.Hopefully up though, cause I own it!
Topic: Bitcoin Market Prices (Read 123 times)
I think they have laid off after the recent dump, I haven't encountered a lot of crypto news in the mass media in the recent days. During the massive pump towards $20K, news outlets were reporting on crypto just like they would report on the dollar, euro etc. It was getting a little crazy for me to be honest, so it's good that cryptos are out of the spotlight for now.
Speculations and FUDs contribute a lot to determining bitcoin price. Jamie Dimon FUD single-handedly dropped the bitcoin price by 30% in only 3 days.
sure the mainstream effect on bitcoin or any other thing, some rumor can make bitcoin high or down , and i think mainstream is the one of reasons get bitcoin now in high price before 5 years .
I've been watching Bloomberg and CNBC for a while now following stocks. They are by far the biggest mainstream reporters of Bitcoin and blockchain technology in general. What I have noticed though is that they always key in on negative headlines, pick out the majority of guest who is against it, and sensationalizes the negative headlines. I was just curious as if it was just me thinking the bankers and financial institutions are pushing negative narratives for Bitcoin? I notice every other commercial is for a bank or investment service too. Personally, I think Bitcoin eliminates the need for retail banking and merchant accounts, so it would only make sense for them to pay a little extra now to media outlets to get there "experts" on there and they all say it's a bubble and going to crash, don't understand it, only used by money launderers, not regulated enough, etc. etc. Just some things I've noticed here lately and wanted to get everyone else's take on the matter. Look forward to hearing what everyone has to say.
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