Mainstream Media Continues Rigid Bitcoin Reviews, Dismisses BTC Price Surge, Just Ignores It
Well, there is nothing to see here but the same old disbelief in crypto among the mainstream media.
Bitcoin Is Surging Again. Just Ignore It
— Nouriel Roubini (@Nouriel) April 3, 2019
This surge in BTC price has been a cause for celebration when yesterday Bitcoin bulls came at full force and the market turned green. In over four months, BTC finally reached $5k registering two consecutive green months for the first time since November December of 2017.
However, this green isn’t making everyone feel good which includes Leonid Bershidsky who wrote his opinion piece titled
“Bitcoin is Surging Again. Just Ignore it.”
“Whatever the explanation, there’s no good reason to turn bullish on crypto.”
He further stated in his piece that there hasn’t been any good news about cryptos lately and that
“they aren’t acquiring greater acceptance as investments or payments, and the crypto experiments of central banks, governments and major companies haven’t moved beyond dabbling.”
Apparently, he just decided to start putting out his opinion without any research regarding the growing acceptance of crypto for taxes, BTC’s on-chain transactions that are costly climbing upwards or Bitcoin’s second-layer scaling solution Lightning Network that is making new records or the institutions’ rising interest in the bitcoin.
Furthermore, attributing this jump to simply “mystery buyer” when analysts have called it out a technical move that has been expected to come for some time now as BTC didn't have any resistance after breaking $4,100 to well above $5k, then we have only one thing to say.
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry”