Mainstream media bashes bitcoin when it falls vigorously. And it bashes bitcoin when it rises powerfully. It even bashes bitcoin when the coin goes stable. In the end, they bash.
The latest bitcoin price jump gave the mainstream media plenty of room to discredit the asset’s inorganic market moves. Joining the bash club latest was The Motley Fool. The US media firm on Sunday published an article – or more sort of a 500-word question, titled “Is Bitcoin just a big April Fool joke?“. Author Alan Oscroft questioned the reason behind bitcoin’s April 2 spike, in which the asset attracted about $12 billion worth of fiat money in just an hour.