The saying “actions speak louder than words,” is true and Bitcoin is proving it right. After smashing $100,000 mark, Bitcoin, popularly known as King Crypto, silenced many industry leaders and media houses who thought Bitcoin was a scam.
When its price was low, everyone laughed and considered it as a joke. By hitting the mark, Bitcoin showed that size matters. It has become the talk of the town— governments and institutions like Blackrock are embracing and showing their acceptance towards it.
On this occasion, a crypto exchange Binance shared a compilation of news headlines that demeaned Bitcoin.
This seems as a tight slap to the critics who had previously done trash-talk about Bitcoin. The list contains some big names such as Peter Schiff, Christine Lagarde, Hilary Clinton, Jamie Dimon, Paul Krugman, and many more.
Most of these critics have made statements like “Bitcoin is dead”, “Bitcoin has failed as a currency”, “Bitcoin is evil,” “Investors in Bitcoin lose their money,” and “Bitcoin is an illusion.”
Whenever Bitcoin achieves a milestone, the crypto community ensures to give a razor-sharp reply to the critics. At this moment, crypto lovers also trolled Peter Schiff who previously stated, “Keep dreaming. Bitcoin is never going to hit $100,000!”
Not only had the influencers, many renowned media houses made unpleasant remarks on Bitcoin in order to ruin its image. For example, in August 2024, an opinion piece by Megan McArdle in, The Washington Post (WaPo), labelled crypto as “Worthless” following a market crash. However, crypto enthusiasts condemned the article calling it a “clickbait” and a “hit piece” designed to provoke fear and to spread misinformation.
Bitcoin and the crypto industry are still in their initial years. Over the last decade, Bitcoin has created countless “rags to riches” stories, and more are likely to come as time goes by.
Also Read: Bitcoin’s Historic Price Movement: A Tale of Booms and Busts
