NY Post Anlayst Still Believes Bitcoin is on it’s Way to Zero Dollars in Value in More Media FUD

  • Even though Crudele seems to think that the crypto market is on its way down, Bitcoin recently broke past its $8k support level once again.
  • Many independent analysts are of the belief that Bitcoin will scale past the $10,000 mark by the end of the year.
    As per an article published on the NYPost earlier today, John Crudele stated that since Bitcoin dropped by a thousand dollars to around the $7,000 mark last Thursday, the flagship crypto asset is once again on its way to becoming zero. To further strengthen his case, he highlighted how BTC had collapsed from “$20k to $4k” last year, thereby somehow proving that the asset class was unsustainable and would eventually implode.Crudele the went on to cite the example of Mario Draghi, who currently serves as the head of the ECB (European Central Bank), by saying that he too sees little to no value in digital assets such as BTC, ETH, etc.

More On The Matter

Many of our regular readers may remember that a few days back Crudele along with some of his colleagues ran a Bitcoin-themed “investigative piece” on the popular tv show 60 Minutes. During the course of the program, he sought to determine the true identity of Satoshi Nakamoto as well as explain to the masses what BTC really represents and what it is really capable of.

However, as was to be expected from a mainstream tv program such as 60 minutes, Crudele and his crew pretty much bashed the crypto industry for an hour straight — providing viewers with a very skewed vision of what the crypto movement actually represents.

Not only that, he then recently went on record to state the following:

“Bitcoin will soon be worth zero. But until then criminals will still be able to use it and other digital currency to move money around the world without being caught.”

Final Take

People like Crudele have time and again shown their bias against decentralized technologies since most of the publications supporting journalists like him are funded by certain lobby groups — that currently have massive influence over a large chunk of the mainstream media. However, as things stand, the crypto market at large seems primed for big things, especially since most of the currencies in the top-10 are currently surging right now.

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