Mainstream Media is getting behind Bitcoin in a big way – daily reporting by Media giants such at Bloomberg, Reuters, CNBC and BBC. Mainstream Media adoption plays a significant role to introduce Bitcoin and cryptocurrency to the greater community, whether the news is sensationalist, good or bad. The more consumers see information forthcoming from these media giants, the more Bitcoin adoption will grow.
The good news is that the core proposition of Bitcoin is…
Democratization of the financial system
Freedom from banks and government
But, it took bad news to spark an interest in Bitcoin such as…
Silk Road – online black market and the first modern darknet market – led to the arrest of Ross William Ulbricht who was sentenced life imprisonment without parole
MtGox – a Bitcoin Exchange based in Tokyo, Japan. Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all Bitcoin transactions worldwide. 850,000 bitcoins belonging to customers and the company were stolen from the MtGox hot wallet over time from late 2011
Recent Media coverage has mostly been about, the rise or fall of the Bitcoin price and value, Bitcoin price predictions and big news such as Government adoption by Japan’s new law making Bitcoin a legal payment system
As well as… Investor adoption such as the ETF’s (Bitcoin Exchange Traded Funds – SEC decision to approve listing on stock exchanges and Other cryptocurrencies rising in value
There are media outlets reporting on cryptocurrency daily and Consumer adoption will grow.
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