An opinion piece published in the Financial Times (FT) declares that Bitcoin is "doomed to disappear," offering a provocative assessment: the price of BTC remains $70,000 overvalued. This fiery statement quickly triggered a chain reaction within the cryptocurrency community. The Financial Times predicts the total collapse of Bitcoin, causing anger among crypto lovers. Many investors interpret this media attack as a bullish signal for the Bitcoin market.
Radical FT prediction shocks the Bitcoin community
In her opinion piece, Jemima Kelly compares Bitcoin investors to a skydiver convinced that "everything is fine" until the fatal impact. This chilling parallel fuels an extreme prediction: a market collapse and a return of BTC to zero. According to her, the supply of "suckers" is drying up, suggesting that no one will buy an already overvalued asset anymore. This position stands in stark contrast to current reality. The price of Bitcoin remains steady above $42,000. For many investors, these statements reflect a deep misinterpretation of blockchain mechanisms and the resilience of the cryptocurrency market.
The reaction of Bitcoiners
On X (formerly Twitter), reactions were swift. One user sarcastically noted that you know the market bottom has arrived when legacy media announces the death of Bitcoin. The leading cryptocurrency has even slipped out of the top 10 global assets. Another congratulated the FT for missing the major technological evolution of their era. Some crypto analysts argue that these kinds of declarations often act as a bottom signal. The idea? When major media outlets herald the end of Bitcoin, the currency rebounds. This dynamic was verified in 2015, 2018, and 2020. By denouncing the FT’s economic analysis as "ancient," the crypto community reasserts its faith in the value of the digital asset.
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