NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Media and Bitcoin, a Bitter-Sweet Relationship

Gautham
Gautham
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin, the distributed open source cryptocurrency went live in 2009. Since 2009, for about 3-4 years it was still an obscure token which only a handful of tech publications showed interest in. However, it all changed when this obscure ‘game currency’ was found to be a major currency in the deep web economy. The emergence of the deep web online marketplace – Silk Road and the use of bitcoin to but drugs and other contraband on that site garnered some attention from mainstream media.

As time progressed, the Silk Road investigation and the sudden surge and fall of bitcoin price due to Mt Gox incidence were all picked up religiously by the mainstream news outlets. Almost all newspapers, magazines and online publications covered these incidents. By then, the digital currency had definitely gained the world’s attention, but in a negative way. Even though media took its own time to even feature bitcoin in their publications, when they did, it garnered a lot of curiosity among people. The angle for coverage opted by news outlets were predominantly negative. Not many magazines spoke about the intended usage of bitcoin as envisioned by Satoshi Nakamoto. This made bitcoin more notorious than popular.

About 8 years down the line, things have changed a lot since then. the digital currency has gained its fair share of media coverage and everyone seems to be excited about this new digital currency and its underlying technology. The adoption of blockchain technology in other industries stands proof of this. Now, with the mainstream industries taking notice of bitcoin and adopting bitcoin technology has given a shroud of legitimacy to the digital currency (at least that’s what conventional media believes).

Why is media trying to stay away from the cryptocurrency?

Every business has stakeholders and it is the same for media as well. There is always a bias even in the media and publication sector. Those who think that media outlets are impartial and straightforward when it comes to reporting news are lying to themselves. The recent news article by Venezuelan state-sponsored media outlet about bitcoin titled – “Bitcoin – El Sistema Cibercriminal” is an example of how state propaganda machinery uses media to spread misinformation to benefit the government. This is not a new thing, propaganda using media outlets was heavily used during the world war and they have not stopped since then. If you want to find it out yourself, all you got to do is access the same news on different news outlets and the discrepancies will be clearly visible. In this case, Venezuela plans to ban bitcoin in the country.

READ MORE: Hola Venezuela, The Government is Lying About Bitcoin!

Another reason for the bitcoin media to stay away from bitcoin and blockchain technology until it gained traction can be attributed to the lack of comprehensive information, which may have led them to jump to premature conclusions. If a media outlet speculates on something with best intentions, it may still be quite damaging to both the subject and publication.

Should we blame the mainstream media?

This is a tricky question, few mainstream media outlets have been too critical about bitcoin since its use on the deep web was reported. This has caused irreversible damage to the digital currency. Because of these news outlets, bitcoin now has the notoriety of being the preferred currency of criminals and the drug – currency. At the same time, there are channels that were either neutral of refrained from reporting about bitcoin unless the news was really important. But no one really benefited from these silent ones. And then there are few sites and platforms that have been vocal about bitcoin and its benefits. These sites have been responsible for reporting the latest developments in the field of bitcoin and digital currency.

Bitcoin is no longer a controversial subject for news outlets as it is now well-known and recognized digital currency / technology out there.

Ref: The Guardian (Image)
Disclaimer: The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin koers klaar voor groei dankzij whale activiteit?

Dogecoin-whaleactiviteit stijgt met 112%: explosieve groei verwacht

Dogecoin mag dan inmiddels wel een gerespecteerde token zijn, dat wil niet zeggen dat de koers niet bijzonder volatiel is....

Lars Diederiksen 7 hours ago
crypto scam, crypto

Happy Ending: Crypto Hacker Returns Funds From $42 Million GMX Exploit

In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform’s bounty and...

Rubmar Garcia 8 hours ago
Bitcoin Breaks Records: What Miners and Leverage Traders Are Doing Behind the Scenes

Bitcoin Breaks Records: What Miners and Leverage Traders Are Doing Behind the Scenes

Bitcoin has surpassed its previous all-time high, reaching $118,254 and marking a notable milestone in its price trajectory. This latest...

Samuel Edyme 10 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Dominance Continues Its Historic Climb – Altcoins Struggle To Gain Ground

Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground

Sebastian Villafuerte 2 hours ago
Crypto Founder Pushes Ethereum As World Reserve Asset: A Yield-Backed Store Of Value

Crypto Founder Pushes Ethereum As ‘World Reserve Asset’ – Details

Sebastian Villafuerte 4 hours ago

Why The Solana Price Could Crash To $95 Before Reaching $200

Scott Matherson 7 hours ago

Premium Sponsors

Press Releases

  • [Lightning Launch] CoinBase Miner Earns $9141 a Day...

    31 minutes ago
  • 4 kryptomeny, vďaka ktorým toto leto zmeníš 1000 € na...

    17 hours ago
  • 3 altcoiny do obserwacji w drugim tygodniu lipca 2025 roku

    3 altcoiny do obserwacji w drugim tygodniu lipca 2025 roku

    17 hours ago
  • 4 kryptowaluty, dzięki którym tego lata zamienisz 1000 zł w miliony

    4 kryptowaluty, dzięki którym tego lata zamienisz 1000...

    17 hours ago
  • 4 criptomonede cu care poți transforma 1000 de lei în milioane vara aceasta

    4 criptomonede cu care poți transforma 1000 de lei în...

    20 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.